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<h1>GST slab restructuring proposes simplified slabs with a higher levy on ultra-luxury goods, raising revenue concerns.</h1> The panel accepted the Centre's plan to implement a two-slab GST structure by removing the intermediate and top slabs and retaining a low and a standard rate. The proposal includes a separate higher levy on ultra-luxury and sin goods-contemplated at forty percent in the draft-with some states proposing an additional levy to preserve current tax incidence, and states have raised concerns that revenue loss projections were not specified.