https://www.taxtmi.com/news?id=54069 Eight opposition-ruled states back reducing GST rate slabs and cutting rates for mass-consumption items, conditioned on a mechanism to ensure benefits reach consumers, five-year compensation to all states using 2024-25 as base year to offset revenue losses, and full transfer to states of additional levies on sin and luxury goods above proposed surcharges; they also press for GST 2.0 combining slab rationalisation, rate cuts, and procedural simplification for MSMEs while safeguarding state revenues. en-us Sat, 30 Aug 2025 13:01:04 +0530 Sat, 30 Aug 2025 13:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54069 Eight opposition-ruled states back reducing GST rate slabs and cutting rates for mass-consumption items, conditioned on a mechanism to ensure benefits reach consumers, five-year compensation to all states using 2024-25 as base year to offset revenue losses, and full transfer to states of additional levies on sin and luxury goods above proposed surcharges; they also press for GST 2.0 combining slab rationalisation, rate cuts, and procedural simplification for MSMEs while safeguarding state revenues. News - Sat, 30 Aug 2025 13:01:04 +0530 https://www.taxtmi.com/news?id=54069