- India has announced a “next-generation GST” initiative to simplify its indirect tax framework, improve business ease, and make goods and services more affordable. Key changes include a simplified tax structure with three rates: 18% standard, 5% merit, and 40% de-merit. Small businesses will benefit from streamlined registration. Tax reductions are applied to agriculture, automobiles, housing, renewable energy, hospitality, wellness services, textiles, household essentials, packaged foods, and healthcare. The new rates will be effective from 22 September 2025.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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