https://www.taxtmi.com/news?id=52800 The Centre proposes compressing the existing GST slab structure into a simplified low and standard slab while keeping the highest permissible GST rate only for a very limited set of demerit items, with the objective of lowering tax burdens for the middle class, MSMEs and the farm sector and correcting duty inversion; the Finance Minister will present this proposal to a Group of Ministers meeting, coordinated with panels on compensation cess and health and life insurance, before potential referral to the GST Council. en-us Mon, 18 Aug 2025 18:01:05 +0530 Mon, 18 Aug 2025 18:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52800 The Centre proposes compressing the existing GST slab structure into a simplified low and standard slab while keeping the highest permissible GST rate only for a very limited set of demerit items, with the objective of lowering tax burdens for the middle class, MSMEs and the farm sector and correcting duty inversion; the Finance Minister will present this proposal to a Group of Ministers meeting, coordinated with panels on compensation cess and health and life insurance, before potential referral to the GST Council. News - Mon, 18 Aug 2025 18:01:05 +0530 https://www.taxtmi.com/news?id=52800