Lower GST rates to ease tax burdens, empower MSMEs, and accelerate formalisation: Report
A new report indicates that the government's GST 2.0 initiative will significantly reduce the tax burden on households and empower MSMEs, fostering formalization and moving India closer to a unified tax system. The overhaul will expand the 5% tax bracket, benefiting both rural and urban consumers with increased disposable income.
A new report indicates that the government's GST 2.0 initiative will significantly reduce the tax burden on households and empower MSMEs, fostering formalization and moving India closer to a unified tax system. The overhaul will expand the 5% tax bracket, benefiting both rural and urban consumers with increased disposable income.
