Tag Archives: GST rationalisation

NEW DELHI: A recent report by the Finance Ministry’s emphasises that government reforms will protect the economy from trade-related challenges, while advocating for continued vigilance against external risks and market fluctuations.The Monthly Economic Review highlights GST rationalisation as a crucial component of tax reforms, alongside corporate and personal income tax adjustments. The ministry suggests these rate modifications will contribute to …

Domestic consumption would be strengthened after the government’s proposed GST rationalisation, offering crucial support to the economy as it braces for the impact of the US’s 50 per cent duty on Indian imports, according to various economists quoted by Economic Times. “At a time where consumption demand has been uneven and felt pressure from high inflation and low nominal wage …