- A 40 percent tax rate on sin goods like ultra-luxury cars is being considered
- GST Council meeting scheduled for September 3-4, 2025
- Meeting to address reforms mentioned by the prime minister
- Main focus is revising the GST rate structure
- Possible reduction from four tax slabs to two primary rates: 5 percent and 18 percent
- Group of Ministers approved shifting goods to lower tax categories
- Future of compensation cess for states to be discussed
- Possible new cess structures for sustainable energy and health programs
- Sector-specific discussions on GST for insurance, commercial drones, digital assets, and online gaming
Source: taxscan.in
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.
