India · economy · resolves 2026-12-01
Will the Indian Ministry of Finance publish a revised GST rate schedule that raises the rate on luxury goods to 28% before 2026-12-01?
10%chance, per Kāla
Why
The historical base‑rate that the Ministry of Finance issues a major GST rate revision within a short window is low – such changes are rare and usually announced well in advance, not within a few weeks. None of the recent news items (Oct 17‑23 2026) mention any GST schedule revision or a move to raise luxury‑goods rates to 28 %.
Based on 14 dated sources · first forecast 2026-10-19 · 6 updates · locked in and fingerprinted before the answer is known.
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