India's GST GoM in Goa discusses potential changes to the tax structure, including merging 12% and 18% slabs.
On September 25, India's Group of Ministers (GoM) on Goods and Services Tax (GST) will meet in Goa to discuss potential changes to the four-tier tax structure, currently set at 5%, 12%, 18%, and 28%. Led by Bihar's Deputy Chief Minister Samrat Chaudhary, the panel may consider merging the 12% and 18% slabs due to concerns over the average GST rate falling below the necessary revenue neutral rate. However, some states, including West Bengal and Karnataka, oppose such changes.
September 22, 2024
16 Articles