GST Council to meet on Sep 3-4 to discuss moving to a two-rate structure

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....ST Council to meet on Sep 3-4 to discuss moving to a two-rate structure<BR>GST<BR>Dated:- 22-8-2025<BR>PTI<BR>New Delhi, Aug 22 (PTI) The high-powered GST Council, chaired by Finance Minister Nirmala ....

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....Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation. In an office memorandum, the GST Council Secretariat said the two-day meeting will be held in New Delhi. The council,....

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.... comprising finance ministers of all states and UTs besides the Centre, will deliberate on the recommendations by the three GoMs on rate rationalisation, compensation cess and health and life insuranc....

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....e. The Group of Ministers (GoM) comprising state ministers met earlier this week and, in principle, agreed to the Centre's proposal for a two-slab GST. According to the reform proposed by the Centre....

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.... to the GoMs, Goods and Services Tax (GST) should be a two-rate structure of 5 and 18 per cent, classifying goods and services as 'merit' and 'standard'. A special rate of 40 per cent will be levied o....

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....n select few items like ultra-luxury cars and sin goods. Currently, GST is a 4-tier structure of 5, 12, 18 and 28 per cent. PTI JD BAL BAL<BR> News - Press release - PIB....