The new coalition government may further delay the key economic reform involving GST rate rationalization due to concerns about its impact on inflation. A committee is working on rationalizing rates for goods and services, but there is uncertainty about the outcome due to the potential inflationary effects. The political commitments of allies such as JD(U) and TDP will also influence any major changes in the tax structure. The process of GST rate rationalization faces significant challenges and uncertainties due to the new political equations.
Source A2ztaxcorp
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