2025-08-17Niranjan Ghatule
India is preparing for a major GST reform as reports suggest new tax slabs of 5%, 18%, and 40%. The government may remove the existing 12% and 28% categories, shifting 99% of 12% items to 5%, while sin goods like tobacco could move to 40%. Essential items may become cheaper, luxury goods could see changes, and stock market reactions are expected.
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