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Informative

GST Rate Cuts to Cost Exchequer Rs 1.43 Lakh Crore, US Tariffs Threaten Growth

Update / Judgement Date

24 Aug 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Financial ManagementGST

GST rate cuts are expected to "cost the exchequer ₹1.43 lakh crore," and "US tariffs threaten growth." The GST rate cuts, which are a significant step towards a more user-friendly and less intrusive tax environment, are aimed at simplifying the tax structure and reducing the tax burden on essential goods. The move is expected to have a significant impact on various sectors. This is a crucial reminder to all businesses that they must be diligent in their dealings.