印度新一代商品及服务税改革9月22日起正式生效

Core Viewpoint - The new generation of Goods and Services Tax (GST) reform in India officially took effect on September 22, aiming to simplify tax rates and enhance savings for residents [1] Summary by Relevant Sections Tax Rate Changes - The previous four-tier tax rate system has been simplified to two rates: 5% and 18% [1] - Essential goods are now either tax-exempt or subject to the minimum 5% tax rate, with most items previously taxed at 12% now reduced to 5% [1] Economic Impact - Prime Minister Modi stated that the reduction in tax rates will lead to increased savings for households and ease the operational burden on businesses [1]