https://www.taxtmi.com/news?id=52647 The proposal consolidates GST into two main slabs-a lower consumption slab and a standard slab-eliminating intermediate rates and adding a special high rate of 40 per cent for a limited number of demerit and luxury goods (including tobacco and likely online gaming). It foresees most items from repealed slabs shifting into the two primary rates, expects short-term revenue gaps to be offset by consumption recovery, aims to curb evasion from multiple rate supply chains, and notes the nearing end of the compensation cess scheme. en-us Fri, 15 Aug 2025 19:31:04 +0530 Fri, 15 Aug 2025 19:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52647 The proposal consolidates GST into two main slabs-a lower consumption slab and a standard slab-eliminating intermediate rates and adding a special high rate of 40 per cent for a limited number of demerit and luxury goods (including tobacco and likely online gaming). It foresees most items from repealed slabs shifting into the two primary rates, expects short-term revenue gaps to be offset by consumption recovery, aims to curb evasion from multiple rate supply chains, and notes the nearing end of the compensation cess scheme. News - Fri, 15 Aug 2025 19:31:04 +0530 https://www.taxtmi.com/news?id=52647