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of <h1>GST Council Proposes Multi-Tier Tax Structure; Defers Decision on Taxpayer Administration Split Until November Meeting.</h1> The 4th GST Council meeting, chaired by the Union Finance Minister, discussed several key issues, including the confirmation of minutes from the previous meeting and the development of the GST portal. The Council focused on finalizing GST tax rates, proposing a multi-tier structure with rates of 5%, 12%, 18%, and 28%, and a cess for luxury and sin goods to fund state compensation. The meeting also addressed cross-empowerment for a single interface under GST, with discussions on the division of taxpayer administration between central and state governments. The Council deferred a decision on this matter, planning further discussions. The next meeting was scheduled for 24-25 November 2016.
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