- India proposes a two-rate GST structure with most items at 5% and 18%
- A 40% GST rate is proposed for 5-7 goods, including tobacco
- Proposals have been sent to a state ministers panel for review
- The state ministers panel will meet soon
- The GST council will meet in September or October to discuss the proposed changes
Source: news.bloombergtax.com
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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