https://www.taxtmi.com/news?id=56143 GST rate rationalisation consolidates slabs into a largely two-rate regime, reduces tax rates and eases compliance while eliminating classification ambiguities and plugging revenue leakages. The measures target consumption-led growth by lowering tax incidence on craft-based, agricultural and small-scale sector goods and align implementation with a major festival period to maximise consumer benefit, while preserving the cooperative revenue-sharing stance between central and state governments and leaving a single unified rate as a future possibility. en-us Thu, 18 Sep 2025 21:31:03 +0530 Thu, 18 Sep 2025 21:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56143 GST rate rationalisation consolidates slabs into a largely two-rate regime, reduces tax rates and eases compliance while eliminating classification ambiguities and plugging revenue leakages. The measures target consumption-led growth by lowering tax incidence on craft-based, agricultural and small-scale sector goods and align implementation with a major festival period to maximise consumer benefit, while preserving the cooperative revenue-sharing stance between central and state governments and leaving a single unified rate as a future possibility. News - Thu, 18 Sep 2025 21:31:03 +0530 https://www.taxtmi.com/news?id=56143