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Kolkata to host 57th GST Council meet next month; GST 2.0 reforms on table

Our read

Prepare pricing and ERP systems for potential GST slab changes between 5%-18% and inverted duty corrections that could reshape margins across SKUs ahead of the late-July Kolkata council meet.

Watch

Official Council date confirmation and agenda leak via PIB or MoF briefings

The report,

Kolkata likely to host the 57th GST Council meeting in late July, potentially advancing GST 2.0 reforms including inverted duty structure fixes and rate cuts, with implications for Indian retail and manufacturing tax compliance.

Reported figures

From the report. Source details below

  • 18%
  • 5%

Why it matters to operators

Model GST 2.0 scenarios into deal pricing and synergy cases, as rate shifts and inverted duty fixes could alter working capital and post-close margin profiles for retail and manufacturing targets.

What to watch next

  • GoM on rate rationalisation report tabling
  • Compensation cess extension language
  • State FM pre-meet statements (especially Karnataka, TN, WB, Kerala)
  • Inverted duty structure notifications for textiles/footwear
  • CBIC circulars on transitional provisions issued within 2 weeks of meet

Likely next moves

Our read of what comes next — analysis, not reported by the source.

  • Map SKU exposure by current GST slab; flag items in 12% and inverted-duty categories (textiles, footwear, fertilisers inputs, EV components)
  • Model gross-margin sensitivity for ±3pp rate moves on top-50 revenue SKUs
  • Pre-brief pricing, supply chain, and ERP teams on a 72-hour repricing playbook post-Council communique
  • Engage tax counsel on transitional credit treatment and anti-profiteering exposure
  • Draft customer/channel communication templates for both pass-through and absorption scenarios

The source

Source Read the source at The Hindu BusinessLine

Published

First seen