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India cuts tax rates to spur consumption, blunt tariff impact
India's GST, which was criticized in the past for being complicated, was simplified to a two-rate structure of 5% and 18%, instead of the current four slabs.
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aljazeera.com
India cuts consumption taxes to boost demand after Trump’s tariff blow
Analysts say the cuts in consumer taxes is aimed at boosting demand in the wake of 50% tariffs on Indian goods.
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bbc.com
GST: India makes ACs, tea, school supplies cheaper to mitigate shock of US tariffs
In the face of global headwinds, India has slashed consumption taxes on hundreds of everyday items.
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cnbc.com
India cuts tax rates to spur consumption, blunt tariff impact
India's GST, which was criticized in the past for being complicated, was simplified to a two-rate structure of 5% and 18%, instead of the current four slabs.