The Headlines – GST rate cuts coming soon! Goods and Services Tax Council to meet for 2-day session starting Sept 3; two-slab structure in works

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The Headlines – GST rate cuts coming soon! Goods and Services Tax Council to meet for 2-day session starting Sept 3; two-slab structure in works

The GST Council is set to meet on September 3rd to discuss proposed GST rate rationalization. A Group of Ministers has endorsed a simplified structure with 5% and 18% slabs, potentially eliminating the 12% and 28% brackets.

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