53rd GST Council meeting: CII President Sanjiv Puri calls for a three-rate GST structure and rate moderation.

CII President Sanjiv Puri urged for a Goods and Services Tax (GST) structure with three rates and moderation of current rates ahead of the 53rd GST Council meeting on June 22. The current GST rate list has five slabs: 0%, 5%, 12%, 18%, and 28%. Puri proposed that essential items, common use items, and luxury goods be categorized into three rates, reducing the complexity of the existing system.

June 16, 2024
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