Centre to build consensus with states in coming weeks on GST reforms: Sitharaman

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....entre to build consensus with states in coming weeks on GST reforms: Sitharaman<BR>GST<BR>Dated:- 20-8-2025<BR>PTI<BR>New Delhi, Aug 20 (PTI) Finance Minister Nirmala Sitharaman on Wednesday said the next-generation GST reforms is a step towards making India Aatmanirbhar and the central government looks at building consensus with states in the coming weeks. The Centre's proposal on GST reforms i....

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....s based on three pillars-- structural reforms, rate rationalisation and ease of living, she said. During a meeting with GoMs on rate rationalisation, insurance taxation and compensation cess, Sitharaman "emphasised that the proposal by the Central Government is with a vision to usher in the next generation of GST reforms in India's journey towards becoming #AtmanirbharBharat." The three GoMs w....

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....ill over two days deliberate on the Centre's 'next-gen' GST reforms under which tax will be levied at 5 and 18 per cent rates. A special 40 per cent rate has been proposed on 5-7 items, including sin goods. "The Central Government remains committed to building a broad-based consensus with the States in the coming weeks to implement the next generation of GST reforms in the spirit of cooperative ....

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....federalism," the finance ministry said in a post on X. GST is currently levied at 5, 12, 18 and 28 per cent. While food and essential items are either at nil or 5 per cent rate, luxury and demerit goods are in 28 per cent slab, with a cess on top of it. The finance minister's address to the GoMs was for about 20 minutes during which she elaborated on the Centre's proposal. PTI JD ANU ANU<BR> N....

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