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Thursday, December 04, 2025 | 04:48 AM ISTहिंदी में पढें
GST reforms: Festival cheer for consumers but many suppliers face IDR
In his Independence Day speech, our Prime Minister announced a Diwali gift by way of significant reductions in the GST rates and simplification of processes
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The government has put enormous pressure on trade to pass on the GST rate cut benefits to the consumers, despite knowing that due to IDR the final prices will come down but not to the same extent as the rate cuts and may even go up in some rare cases. (Illustration: Binay Sinha)
The political leaders and the bureaucrats at the Central and State governments deserve all praise for ushering in drastic cuts in the rates of Goods and Services Tax (GST) mainly on several items of mass consumption and some process changes. However, they have also raised the expectations of significant price cuts that may happen in the short run but may be unsustainable in the long run in some sectors.
In his Independence Day speech, our Prime Minister announced a Diwali gift by way of significant reductions in the GST rates and simplification of processes. Within days,
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Topics : BS Opinion GST Revamp GST rule changes
