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Informative
GoM to Discuss Merging 12% and 18% GST Slabs on 25th September Meeting
Update / Judgement Date
24 Sept 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Financial ManagementGST
A Group of Ministers (GoM) convened to discuss the possibility of merging the 12% and 18% GST tax slabs into a single rate. This change could simplify the GST structure, addressing longstanding calls for rationalizing India’s complex indirect tax system. The GoM is set to meet on 25th September to consider the proposal, which aims to strike a balance between revenue generation and easing compliance for businesses.
