Union budget: The hidden cost of GST 2.0 - India faces potential tax shock as compensation cess ends

India has shown rare fiscal maturity in 2025 by successfully concluding GST 2.0 and retiring the compensation cess—gains that ...
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GoM backs GST simplification: Proposal to cut tax slabs to two rates, add 40% for demerit goods

The Group of Ministers (GoM) on GST rate rationalisation supported the Union Government’s proposal on Thursday to simplify the GST structure. The proposal suggests reducing tax slabs from four (5%, 12 ...