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Tag: GST benefits for consumers
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Top 25 Questions on GST 2.0 with Answers – UPSC, Banking & SSC Exams
India’s indirect tax system has undergone a major transformation with the rollout of GST 2.0 from 22 September 2025. The revamped structure replaces the earlier complicated slab system with a simpler and more predictable framework. Because of its scale, it is now a key topic for UPSC, State PSCs, banking exams and other competitive tests.…
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Government Allows MRP Revision on Unsold Stock Following GST Rate Changes
The Indian government has introduced a significant relief for manufacturers, importers, and packers by permitting them to revise the Maximum Retail Price (MRP) on unsold pre-packaged goods manufactured or imported before GST rate changes. This move ensures that the benefits of GST reductions reach consumers promptly while avoiding the burden of repackaging or recalling unsold…