Reimagining India’s GST landscape: A path towards uniformity and growth

A central feature of the upcoming changes is the rationalization of the multi-tiered rate structure into three slabs: 5%, 18%, and 40%. (AI image) By Saurabh Agarwal, Tax Partner, EY IndiaThe Prime Minister’s announcement on August 15, 2025, unveiling “next generation” GST reforms, signals a pivotal moment for India’s tax ecosystem. This transformative initiative, slated…

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Fitch affirms India’s credit rating at ‘BBB-‘: Trump’s tariffs seen as ‘moderate’ risk; points to ‘robust growth & solid external finances’

India’s economic prospects remain favourable compared to peers. (AI image) India’s credit rating has been affirmed at ‘BBB-’ with a stable outlook by ratings agency Fitch. The confidence in India’s growth story comes as a booster shot at a time when India faces 50% tariffs from the US for its exports.According to Fitch, India’s ratings…

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