GST Council approves two-tier tax structure; to be implemented from Sep 22 https://www.taxtmi.com/news?id=54512 The GST Council approved a two-tier GST rate structure comprising lower and higher slabs to be implemented from the announced commencement date. The decision was taken by consensus among states, while finance ministers identified an aggregate revenue shortfall due to rationalisation. Treatment of extra levies on demerit goods beyond the upper slab was left undecided, with further procedural and sectoral classification work to follow. en-us Wed, 03 Sep 2025 22:01:04 +0530 Wed, 03 Sep 2025 22:01:04 +0530 TaxTMI RSS Generator GST Council approves two-tier tax structure; to be implemented from Sep 22 https://www.taxtmi.com/news?id=54512 The GST Council approved a two-tier GST rate structure comprising lower and higher slabs to be implemented from the announced commencement date. The decision was taken by consensus among states, while finance ministers identified an aggregate revenue shortfall due to rationalisation. Treatment of extra levies on demerit goods beyond the upper slab was left undecided, with further procedural and sectoral classification work to follow. News - Wed, 03 Sep 2025 22:01:04 +0530 https://www.taxtmi.com/news?id=54512