Next-Gen GST step towards a single tax slab GST
Published on: Aug. 17, 2025, 2:09 p.m. | Source: Economic Times
India is planning a major GST overhaul. The new system will have just two tax slabs: 5% and 18%. This aims to boost the economy and offset tariff threats. Common items will be taxed at a lower rate, leading to price cuts. The goal is a single tax rate when India becomes a developed nation.
