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GST meet: Rate rationalisation in focus, 8 sectors to benefit

September 04, 2025

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The Statesman Siliguri

The 2-day GST Council meeting took off on Wednesday with high expectations to push for rate rationalisation, potentially eliminating the 12 per cent and 28 per cent GST slabs in favour of an 18 per cent and 5 per cent structure, with a 40 per cent slab for sin goods.

- STATESMAN NEWS SERVICE New Delhi, 3 September

This was the 56th GST Council meeting led by Finance Minister Nirmala Sitharaman in New Delhi.

According to the Centre's blueprint for GST reforms, around eight sectors will benefit the most from the rate overhaul. These include textiles, fertiliser, renewable energy, automotive, handicrafts, agriculture, health and insurance.

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