https://www.taxtmi.com/news?id=56195 The GST rate rationalisation implements a two rate structure of 5% and 18% effective September 22, with an estimated short term annualised net loss deemed modest relative to prior collections. Simplifying from multiple slabs is expected to broaden the formal tax base and support medium term revenue buoyancy. Revenue before revision was concentrated in the higher slab; reductions from mid tier rates are not expected to cause significant loss. Several fast growing services remain at existing rates, new services (including e commerce delivery) are taxed at the higher rate, and demand effects depend on consumer pass through and disposable income changes. en-us Fri, 19 Sep 2025 14:01:03 +0530 Fri, 19 Sep 2025 14:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56195 The GST rate rationalisation implements a two rate structure of 5% and 18% effective September 22, with an estimated short term annualised net loss deemed modest relative to prior collections. Simplifying from multiple slabs is expected to broaden the formal tax base and support medium term revenue buoyancy. Revenue before revision was concentrated in the higher slab; reductions from mid tier rates are not expected to cause significant loss. Several fast growing services remain at existing rates, new services (including e commerce delivery) are taxed at the higher rate, and demand effects depend on consumer pass through and disposable income changes. News - Fri, 19 Sep 2025 14:01:03 +0530 https://www.taxtmi.com/news?id=56195