Retailers Oppose 35% GST Slab, Urge Finance Minister and Council to Reconsider

Retailers have raised strong objections against the proposed 35% GST slab, urging the Finance Minister and the GST Council to reconsider the decision. The move to introduce a higher GST slab for certain goods and services has faced backlash, with retailers expressing concerns about its impact on their businesses and consumers. The new tax rate is expected to lead to higher prices for end consumers, potentially reducing demand. Retailers argue that such a steep increase could negatively affect sales and disrupt the retail market, particularly in the post-pandemic recovery phase. The retailers have called for a more balanced approach to ensure the tax system remains business-friendly while meeting the government's revenue goals.