https://www.taxtmi.com/news?id=54943 The government is preparing a comprehensive support package for exporters impacted by steep foreign tariffs following multi departmental assessments solicited from industries. Targeted relief will be designed after ministries receive quantified impact data from affected sectors-chiefly labour intensive manufactures and selected goods facing enhanced duties. Separately, a major GST restructuring reduces and simplifies rates, adopting a primary 5 percent rate for common goods and an 18 percent general rate, exempting certain daily use items, and imposing a high slab for limited luxury and sin goods; the finance ministry will monitor industry price pass through upon implementation. en-us Mon, 08 Sep 2025 14:31:04 +0530 Mon, 08 Sep 2025 14:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54943 The government is preparing a comprehensive support package for exporters impacted by steep foreign tariffs following multi departmental assessments solicited from industries. Targeted relief will be designed after ministries receive quantified impact data from affected sectors-chiefly labour intensive manufactures and selected goods facing enhanced duties. Separately, a major GST restructuring reduces and simplifies rates, adopting a primary 5 percent rate for common goods and an 18 percent general rate, exempting certain daily use items, and imposing a high slab for limited luxury and sin goods; the finance ministry will monitor industry price pass through upon implementation. News - Mon, 08 Sep 2025 14:31:04 +0530 https://www.taxtmi.com/news?id=54943