'Next Gen GST' precursor to eventual single tax slab GST: Sources

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....Next Gen GST' precursor to eventual single tax slab GST: Sources<BR>GST<BR>Dated:- 16-8-2025<BR>PTI<BR>New Delhi, Aug 16 (PTI) Describing the proposed GST tax reforms as ‘Next Gen GST’, senior gov....

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....ernment officials on Saturday said that the two-slab tax regime will eventually pave the way for a single sales/services tax rate, hopefully by 2047. They said the proposed new GST regime, which sla....

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....shes tax rates and assigns just two slabs of 5 per cent and 18 per cent, will boost the economy and also serve to mitigate tariff threats. The proposed two-slab regime, if approved by the GST Counci....

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....l, will replace the current four slabs in the goods and services tax (GST) regime, doing away with the 12 per cent and 28 per cent slabs. PTI VJ DRR<BR> News - Press release - PIB....