Two-Slab GST Reform Targets Lower Retail Prices and Higher Demand
The Reserve Bank of India (RBI) stated in an article on Wednesday that the Goods and Services Tax (GST) reforms will lower retail prices and enhance consumption in the country.Beginning on September 22, the government implemented a two-slab tax structure of 5 percent and 18 percent, eliminating the previous four-rate system.According to the RBI’s ‘State…
