News update - GST Council in its next meeting on 3-4 September 2025 likely to propose GST rate beyond 40% on specific items
Admin
24-Aug-2025 22:32:59
Below is the summary of the update:
GST slabs to be simplified → 4 slabs (5%, 12%, 18%, 28%) may be merged into 2 slabs: 5% & 18%.
Luxury/sin goods (tobacco, pan masala, luxury cars) may attract a special 40% rate.
GST Council to decide on Sept 3–4, 2025 in New Delhi.
Goal: simpler structure, lower consumer prices, better compliance.
Concern: States fear revenue loss; compensation mechanism under discussion.
Long-term vision: move towards a single GST slab by 2047.
https://www.thehindubusinessline.com/economy/gst-council-likely-to-consider-proposal-to-raise-maximum-rate-slab/article69971132.ece
