08-October-2026
Economy News
 
Effective GST rate falls to 13.1% as rate rationalisation boosts efficiency
07-Oct-2026

Post the goods and services tax (GST) rate cuts and the slab rejig in September 2025, the tax base expanded strongly between October 2025 and July 2026, with taxable supply rising 25.8% year-on-year and business-to-consumer supply increasing 26.7%, sources said. Gross tax liability grew 13.6% during the period, while the effective tax rate on domestic taxable supply declined from 14.55% to 13.13%, sources said.

News Source:- https://www.financialexpress.com/policy/economy-effective-gst-rate-falls-to-13-1-4354999/?ref=hometop_hp
 
 
 

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