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Graphic of the Day: SBI report projects declining trend for India's effective GST rate
https://www.forbesindia.com/article/news-by-numbers/graphic-of-the-day-sbi-report-projects-declining-trend-for-indias-effective-gst-rate/96638/1
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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.
