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GST meet: Rate rationalisation in focus, 8 sectors to benefit
The Statesman Siliguri
|September 04, 2025
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.
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.
Dit verhaal komt uit de September 04, 2025-editie van The Statesman Siliguri.
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