Raamdeo Agrawal Explains How GST 2.0 Will Simplify India's Tax System 📊

Raamdeo Agrawal Decodes The Impact Of GST 2.0 & How It Will Simplify The Overall Tax Structure

Market veteran, Raamdeo Agrawal, believes that the market will need time to digest the magnitude of the GST reform but expects a strong second half to the financial year. In an exclusive interview to NDTV Profit, he added that the auto sector would be the most impacted. On Wednesday, the GST Council approved a two-tier rate structure of 5% and 18%, replacing the existing four major slabs — 5%, 12%, 18%, and 28%. This is seen as a major pre-festive bonanza where taxes on a wide array of goods from household staples and life-saving medicines to small cars and consumer appliances will be significantly reduced starting September 22.

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