Economy

India’s GST overhaul to hit Nepali industries: Illegal imports and competitive pressure loom large

KATHMANDU: India’s Goods and Services Tax (GST) Council has introduced sweeping changes in its indirect tax structure, reducing four existing tax slabs—5%, 12%, 18%, and 28%—into two principal slabs of 5% and 12%. The landmark decision, taken during the Council’s 56th meeting that began on Wednesday, is aimed at...

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