https://www.taxtmi.com/article/detailed?id=15095 The GST Council recommended comprehensive GST rate rationalisation by adopting a dual-rate regime (standard and merit slabs), shifting most former 28% and 12% items to 18% or 5% respectively, and creating a distinct high-rate category for selected sin/demerit and luxury goods with compensation cess merged into new rates for most items while remaining separate for certain tobacco products; rate changes to be implemented from 22 September 2025 aiming to improve affordability, boost consumption, and streamline tax incidence. en-us Tue, 16 Sep 2025 09:03:51 +0530 Tue, 16 Sep 2025 09:03:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15095 The GST Council recommended comprehensive GST rate rationalisation by adopting a dual-rate regime (standard and merit slabs), shifting most former 28% and 12% items to 18% or 5% respectively, and creating a distinct high-rate category for selected sin/demerit and luxury goods with compensation cess merged into new rates for most items while remaining separate for certain tobacco products; rate changes to be implemented from 22 September 2025 aiming to improve affordability, boost consumption, and streamline tax incidence. Articles Goods and Services Tax - GST Tue, 16 Sep 2025 09:03:51 +0530 https://www.taxtmi.com/article/detailed?id=15095