https://www.taxtmi.com/news?id=53178 A ministerial panel provisionally endorsed reducing GST slabs and imposing a distinct high rate for select goods while calling for a clear compensation mechanism to offset state revenue losses; proposals include continuing a targeted cess or amending law to permit levies above the proposed maximum on ultra-luxury and sin goods. The panel also considered exempting health and life insurance premiums, noting significant revenue impact and requesting mechanisms to ensure tax cuts benefit consumers. en-us Thu, 21 Aug 2025 16:46:03 +0530 Thu, 21 Aug 2025 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53178 A ministerial panel provisionally endorsed reducing GST slabs and imposing a distinct high rate for select goods while calling for a clear compensation mechanism to offset state revenue losses; proposals include continuing a targeted cess or amending law to permit levies above the proposed maximum on ultra-luxury and sin goods. The panel also considered exempting health and life insurance premiums, noting significant revenue impact and requesting mechanisms to ensure tax cuts benefit consumers. News - Thu, 21 Aug 2025 16:46:03 +0530 https://www.taxtmi.com/news?id=53178