New Delhi, Sept. 4 -- I will not lie! But I was expecting something of this sort to be announced after Trump's recent tariff bomb. But yesterday's new GST slabs exceeded all my expectations. And it's no surprise that as I write this editorial the equity market which opened sharply higher today is still faring in green. But then what does it mean to our MSMEs?
If you ask me this question my first reaction perhaps will be that the most transformative change is not just about the new tax rates, it is more about the systemic simplification that accompanies them. The GST Council's decision to streamline the tax slabs from 4 to 2 (5 percent and 18 percent) directly addresses a long-standing complaint from all businesses, small or big - the confu...