Big GST relief: Two-slab tax to replace current 5-28% rates, Finance Ministry says, 'reduction of taxes on...'

Contributing sentiments towards policy:

59% : "The aim is also to provide long-term clarity on rates and policy direction to build industry confidence and support better business planning," according to the ministry. PM Modi announces GST reforms on Independence Day PM Modi, in a bold Independence Day declaration, announced the formation of a high-level task force to spearhead next-generation reforms across governance, taxation, and public service delivery.
52% : Tax will be reduced for the common people," he declared.
45% : Centre proposes a Two-tier GST system: What is the tax relief? Key areas identified for next-generation reforms include the rationalisation of tax rates to benefit all sections of society, especially the common man, women, students, middle class, and farmers.
44% : The end of compensation cess has created fiscal space, providing greater flexibility to rationalise and align tax rates within the GST framework for long-term sustainability, according to the ministry.

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