In 12 PM hostile, govt raises GST to 18%.


In 12 PM hostile, govt raises GST to 18%

 The Indian government has announced that it will increase the Goods and Services Tax (GST) from the current 15% to 18% in its ‘Midnight Offensive’. This move is seen as a bid to boost the country’s revenue and encourage economic growth. 

The move comes after months of speculation over the GST rate. The government had initially planned to increase the tax back in 2019, but the decision was pushed back due to the COVID-19 pandemic. Now, with the economy slowly recovering, the government believes it can afford to implement the tax hike. 

The government’s plan is to increase the GST rate to 18% in April 2021. This means that all goods and services that are currently taxed at 15% will be taxed at 18%. It is expected that the increased revenue from the tax hike will help fund the government’s fiscal stimulus packages and other measures. 

However, some experts are skeptical about the government’s move, citing concerns that the increased tax burden may be passed on to the consumers. They argue that the higher taxation rate could reduce demand and adversely affect the country’s economic growth. 

The government has assured the public that the GST rate increase is necessary for the country’s fiscal health and long-term growth. Moreover, the government has promised to monitor the impact of the tax hike carefully and make necessary adjustments if needed. 

Only time will tell if the government’s ambitious plan will be successful. For now, the ‘Midnight Offensive’ of raising the GST rate to 18% will be watched closely by both the government and the public.


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