GST hike: There’s no good time to do it



Amid rising inflation, there are pure considerations in regards to the impending improve within the items and companies tax (GST) which is scheduled to rise from 7 per cent to 9 per cent someday earlier than 2025.

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One is that the rise might come at a time when households and companies have to address rising price pressures. Headline inflation was working at a nine-year excessive of three.8 per cent in November and should go up additional in the course of the first half of 2022. Core inflation which excludes lodging and personal street transport prices may additionally rise from its present stage of 1.6 per cent.

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