https://www.taxtmi.com/news?id=53151 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. en-us Thu, 21 Aug 2025 14:31:03 +0530 Thu, 21 Aug 2025 14:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53151 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. News - Thu, 21 Aug 2025 14:31:03 +0530 https://www.taxtmi.com/news?id=53151