https://www.taxtmi.com/news?id=54875 A central-led GST rate rationalisation streamlines multiple slabs into a simplified set of rates with a limited top rate for sin and ultra-luxury goods. The reform addresses classification anomalies, reallocates many everyday items into a lower common slab, and links rate changes to operational measures-simplified registration, faster refunds, clarified classification, and backend software upgrades-while engaging GoMs and the GST Council and considering the existing compensation cess framework. en-us Sun, 07 Sep 2025 11:01:03 +0530 Sun, 07 Sep 2025 11:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54875 A central-led GST rate rationalisation streamlines multiple slabs into a simplified set of rates with a limited top rate for sin and ultra-luxury goods. The reform addresses classification anomalies, reallocates many everyday items into a lower common slab, and links rate changes to operational measures-simplified registration, faster refunds, clarified classification, and backend software upgrades-while engaging GoMs and the GST Council and considering the existing compensation cess framework. News - Sun, 07 Sep 2025 11:01:03 +0530 https://www.taxtmi.com/news?id=54875