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GST Council to Soon Take Decision on Rates, Number of Slabs: FM
Hindustan Times Pune
|February 05, 2025
The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, finance minister Nirmala Sitharaman said on Tuesday.
NEW DELHI:
Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28%. Luxury and demerit goods are taxed at the highest bracket of 28%, while packed food and essential items are in the lowest 5% slab.
The Council, chaired by Sitharaman and comprising her state counterparts, has set up a group of ministers (GoM) to suggest changes in GST rates as well as reduce slabs.
Denne historien er fra February 05, 2025-utgaven av Hindustan Times Pune.
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