GST rate cut kicks in from Monday, goods and services to become cheaper https://www.taxtmi.com/news?id=56356 Implementation of comprehensive GST rate reductions shifts many goods and services into lower tax categories, lowers the incidence on consumers, and changes Input Tax Credit treatment for certain services. The reform consolidates multiple slabs into a predominant two-tier structure, retains higher rates and cessation for ultra luxury and tobacco products, and anticipates supplier price adjustments and directed retail compliance to pass on tax benefits. en-us Sun, 21 Sep 2025 10:46:03 +0530 Sun, 21 Sep 2025 10:46:03 +0530 TaxTMI RSS Generator GST rate cut kicks in from Monday, goods and services to become cheaper https://www.taxtmi.com/news?id=56356 Implementation of comprehensive GST rate reductions shifts many goods and services into lower tax categories, lowers the incidence on consumers, and changes Input Tax Credit treatment for certain services. The reform consolidates multiple slabs into a predominant two-tier structure, retains higher rates and cessation for ultra luxury and tobacco products, and anticipates supplier price adjustments and directed retail compliance to pass on tax benefits. News - Sun, 21 Sep 2025 10:46:03 +0530 https://www.taxtmi.com/news?id=56356