FM Sitharaman: Indirect Tax Rate Review in Next 6 Months

Finance Minister Nirmala Sitharaman announced a comprehensive review of indirect tax rates within the next six months. This review will address potential anomalies in the Goods and Services Tax (GST) structure and other indirect taxes. The aim is to streamline tax rates and reduce litigation, enhancing compliance and revenue collection. The review will also consider industry representations and sector-specific issues to ensure a balanced tax regime. This initiative is part of the government's ongoing efforts to simplify the tax system and promote ease of doing business in India.