Retailers in Delhi’s costliest markets, including Khan Market and Connaught Place, have urged the New Delhi Municipal Corporation (NDMC) to quickly implement a revised property-tax calculation method. The New Delhi Traders Association says NDMC property tax can be as high as 25% of rent collected, compared with just 2–3% in other Delhi areas under MCD. They argue for “one city one tax,” saying traders across upscale areas should not face different effective tax rates.
India’s GST 2.0 overhaul pivots to a simpler two-rate system: 5% on essentials and 18% on aspirational goods, with luxury and sin items taxed at 40%. The reform targets smoother compliance, fewer duty distortions, and a consumption-led push. Analysts see upside for sectors like FMCG, cement, insurance, healthcare, and agriculture, with hopes for stronger private capex and a possible 0.5% GDP lift.
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