<h1>GST Council Unveils Four-Tier Rate Structure; Essential Foodgrains Exempt, Tobacco May Face 40% Tax.</h1> The GST Council announced a four-tier GST rate structure of 5%, 12%, 18%, and 28%, along with zero-rated goods. Zero-tax will apply to 50% of items in the CPI basket, including essential foodgrains. Mass consumption items will have a 5% duty, while items currently taxed at 30-31% will be reduced to 28%. Additional revenue from the highest tax slab will support essential items at 5% and common items at 18%. The GST aims to unify India's market and improve compliance. Foodgrains are exempt, and tobacco may face a 40% tax. Parliamentary and state approvals are needed for implementation by April 1.