Thursday, 4 September 2025 () Anand Mahindra welcomes the GST rate cuts, viewing them as a positive step towards economic reform and urging further action to boost India's economy. The revised GST structure, featuring two primary rates of 5% and 18%, aims to simplify the tax system and stimulate demand, particularly in rural and semi-urban areas, with changes taking effect on September 22.
India is set for a major GST overhaul starting September 22, as Finance Minister Nirmala Sitharaman announced a new two-tier GST rate structure of 5% and 18%.
From soaps to small cars, several..