https://www.taxtmi.com/news?id=54656 The GST regime was restructured by limiting slabs to 5 per cent and 18 per cent, effective from the specified implementation date, simplifying rates into primarily two bands to reduce the tax burden on households and MSMEs while imposing higher taxation on luxury or higher-end items; stakeholders urged prompt pass-through of benefits to consumers and framed the change as supporting domestic industry and structural reform of indirect taxation. en-us Thu, 04 Sep 2025 19:46:03 +0530 Thu, 04 Sep 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54656 The GST regime was restructured by limiting slabs to 5 per cent and 18 per cent, effective from the specified implementation date, simplifying rates into primarily two bands to reduce the tax burden on households and MSMEs while imposing higher taxation on luxury or higher-end items; stakeholders urged prompt pass-through of benefits to consumers and framed the change as supporting domestic industry and structural reform of indirect taxation. News - Thu, 04 Sep 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=54656