Informative

GST Council Mulls Tax Rate Cuts, Considers Eliminating 12% Slab to Boost Consumption

Update / Judgement Date

17 Feb 2025

Source

CA Club India

Author

Team — WCP Legal Desk

Reading Time

1 min read

GSTOther Legal Matters

The GST Council is considering tax rate cuts and possibly eliminating the 12% slab to boost consumption. These measures aim to simplify the GST structure and encourage spending. It could have a significant impact on various sectors and the overall economy.

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GST Council Mulls Tax Rate Cuts, Considers Eliminating 12% Slab to Boost Consumption

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