- 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
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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.
