The 56th GST Council meeting will be held on September 3 and 4, 2025, in New Delhi. Both sessions will begin at 11 a.m., while a preparatory officers’ meeting is scheduled for September 2. Proposal for Two Main Slabs The Centre is expected to present a proposal to reduce the goods and services

The Group of Ministers (GoM) on GST rate rationalisation has approved the Centre’s proposal to simplify the goods and services tax system. The panel has recommended scrapping the 12% and 28% slabs and consolidating the structure into just two major rates — 5% for essential and merit goods and 18% for standard items. Shift of […]