Proposed 2-tier GST structure could lower effective tax rate, boost revenues in long term: S&P
- Posted on August 19, 2025
- By Business News Today
- 4 Views
Proposed 2-tier GST structure could lower effective tax rate, boost revenues in long term: S&P
S&P Global Ratings suggests that the proposed 2-tier GST structure in India could simplify implementation and potentially boost fiscal revenues in the long run. The Centre's proposal to reduce GST slabs to 5% and 18%, with a special 40% rate on select items, aims to streamline the taxation system.
