The Indian government has proposed significant changes to the Goods and Services Tax (GST) structure.
The new proposal suggests replacing the current 12% and 28% rates with 5% and 18%.
The aim is to simplify the tax system and reduce the burden on consumers.
Market participants are awaiting official announcements and implementatio
n timelines.
Analysts believe the reforms could have a positive impact on sectors like FMCG and re
tail.
The stock market is closely monitoring developments, as the reforms could influence investor sentiment.
Some experts caution that the transition period may cause temporary disruptions.
The government has emphasized that the changes will be consumer-friendly and bus
iness-friendly.
Retail investors are advised to stay informed and adjust their portfolios accordingly.
Overall, the proposed GST reforms are seen as a step towards a more efficient tax system.