https://www.taxtmi.com/news?id=54034 Projected FY26 growth is retained at 6.3-6.8 per cent as proposed GST rate cuts are expected to boost consumption and offset external demand risks from newly imposed punitive tariffs. The additional tariffs are likely to concentrate adverse effects in the second quarter, causing a negative shock to manufacturing and exports if sustained. The government plans to lower indirect tax rates while maintaining fiscal prudence and meeting fiscal targets, with the GST Council set to consider reducing rate slabs and introducing a higher sin/ultra luxury rate to support demand. en-us Fri, 29 Aug 2025 21:01:04 +0530 Fri, 29 Aug 2025 21:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54034 Projected FY26 growth is retained at 6.3-6.8 per cent as proposed GST rate cuts are expected to boost consumption and offset external demand risks from newly imposed punitive tariffs. The additional tariffs are likely to concentrate adverse effects in the second quarter, causing a negative shock to manufacturing and exports if sustained. The government plans to lower indirect tax rates while maintaining fiscal prudence and meeting fiscal targets, with the GST Council set to consider reducing rate slabs and introducing a higher sin/ultra luxury rate to support demand. News - Fri, 29 Aug 2025 21:01:04 +0530 https://www.taxtmi.com/news?id=54034