GST rate rationalization

 The Department has also surpassed its Budget Estimate (BE) for the fourth consecutive year, achieving 100.2 percent of the target. Despite certain headwinds arising from GST rate rationalization, the Department, through sustained efforts and improved compliance, has successfully overcome these challenges and recorded a robust growth rate of 14.6 percent. This strong growth under the GST regime is attributed to enhanced domestic consumption following rate rationalization, coupled with consistent efforts of the tax administration.