TODAY'S TEN: Are GST 2.0 reforms a gamble on growth?
By Pragadish Kirubakaran, Neeraja Gopalakrishnan and Meena Prashant in Media News on Friday, 05th September 2025 at 3:18pmImage credits: Dinesh Raj M
India’s Goods and Services Tax has just undergone its most sweeping overhaul since 2017. The four-slab structure has been compressed into two primary rates — 5 per cent and 18 per cent — with a hefty 40 per cent bracket for luxury and sin goods. The government insists this reform will ease costs for households, revive consumption, and simplify compliance. But the move also leaves a Rs 48,000 crore hole in revenue projections, raising the question: can growth fill the gap?
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Times of India reporters Saksham Mehta and Sidhartha explained that the government has set up mechanisms to ensure industries pass on GST cuts to consumers. Indirect tax officials are tracking prices before and after September 22 to check profiteering, with NDA MP...
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