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GST Overhaul: Balancing Reform with Fiscal Prudence Syllabus: GS Paper – 3 Fiscal Policy, Inclusive Growth Why in the News? The recent overhaul of the Goods and Services Tax (GST), effective from September 22, 2025, rationalized the tax structure by eliminating the 12% and 28% slabs, redistributing items into 5% and 18% categories. While this …
Read MoreSyllabus: GS-3- GDP growth rate , economic and overall development , GST, GST Council Focus : The article focuses on the transformative impact of GST on India’s tax landscape, its achievements, unique credentials, and the critical need for further policy reforms to address existing challenges and support India’s economic growth and development. Source – FE …
Read MoreWhy in the news? The GST Council will hold its 53rd meeting on June 22, 2024, in New Delhi. This meeting comes eight-and-a-half months after the previous one. The Council, expected to meet quarterly, has convened only six times since 2022. source:medium About GST Council: Established: Post Constitutional (122nd Amendment) Bill, assented on September 8, …
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