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Graphic of the Day: SBI report projects declining trend for India's ef

India's GST system is evolving with falling effective rates, signalling a maturing tax regime

By Samreen Wani
Last Updated: Aug 21, 2025, 14:27 IST1 min
India’s GST rates are on a downward path. From 15.3 percent in 2017 to a projected 9.5 percent by FY27, once the ongoing 2-tier rate rejig is put into effect, effective tax rates will ease, potentially boosting consumption and compliance.
India’s GST rates are on a downward path. From 15.3 percent in 2017 to a projected 9.5 percent by FY27, once the ongoing 2-tier rate rejig is put into effect, effective tax rates will ease, potentially boosting consumption and compliance.

First Published: Aug 21, 2025, 14:27

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