GST Council: Rate rationalisation Group of Ministers to meet on September 25 to discuss slab, rate changes
During the August meeting, the panel had tasked the fitment committee comprising tax officers from the Centre and states to analyse the implication of tax rate change on some items and gather more data.
State ministers’ panel to meet in Goa for key discussions on GST rate rationalisation
Currently, GST is a four-tier tax structure with slabs at 5%, 12%, 18%, and 28%. Under the GST, essential goods are either fully exempt, or subject to the lowest tax rate, while luxury and sin goods attracts highest slab of 28%.
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