July 21, 2025

Inflationary pressures

Finance

No GST rate cuts yet as Group of Ministers’ report still pending, says Finance Ministry

The Ministry of Finance on Monday ruled out any immediate reduction in Goods and Services Tax (GST) rates to provide relief to consumers, clarifying that the matter remains under the purview of the GST Council and that a key report on rate rationalisation is still awaited. Responding to an unstarred question in the Lok Sabha,

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