- GoM on GST Rate Rationalisation to meet on September 25
- Led by Bihar Deputy Chief Minister Samrat Chaudhary
- Focus on merging 12% and 18% GST slabs
- Aim to optimize tax structure
- Last met on August 22, submitted status report on September 9
- Currently, GST framework consists of 5%, 12%, 18%, and 28% slabs
- Essential goods exempted or taxed at lower rates
- Luxury or “sin” goods subject to highest slab and additional cess
Source: news18.com
- Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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