GST Council’s Two-Day Meeting Begins Today, Tax Slab Reduction Likely on Agenda
New Delhi, 3 September (Kiran News): The two-day meeting of the GST Council is set to begin here on Wednesday, where important changes to the Goods and Services Tax (GST) structure may be considered, especially regarding a reduction in tax rates on daily-use items. The Council, chaired by Union Finance Minister Nirmala Sitharaman, includes representation from all states.
The meeting is expected to discuss proposals for major GST reforms. Among the key proposals is the removal of the current 12 percent and 28 percent tax slabs, to be replaced with just two rates—5 percent and 18 percent. In addition, certain specific items may be taxed at a special rate of 40 percent.
It is notable that Prime Minister Narendra Modi had outlined the government’s plans for GST reforms during his Independence Day speech. Following this, the central government shared a draft of the proposed changes with a group of state ministers for initial review.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
