GST Gets a Makeover! 12% Slab May Vanish, Nifty Jumps in Celebration

The GST Council’s latest proposal to abolish the 12% tax slab and reduce GST rates on various products has sparked optimism in the market, leading to a 100-point surge in the Nifty index. Investors welcomed the potential tax rationalization, anticipating a boost in consumption and corporate earnings.

 

Key Highlights of the GST Council’s Proposal:

Outlook on GST Reforms & Market Impact

The GST Council’s tax rationalization efforts are expected to enhance business confidence, drive consumer spending, and support economic growth. Investors will closely watch the final decision in the upcoming GST Council meeting, scheduled for June or July 2025.

 

Sources: Moneycontrol, Mint,  CA Club India.