GST cuts likely, some rate slabs may even merge: Finance Minister

The Indian middle class’ demand for a cut in goods and services tax (GST) may soon be delivered. The GST Council is working on rationalising the rate slabs, Finance Minister Nirmala Sitharaman told the Parliament.

“GST Council has gone into great details of looking item by item by item to see where rate reduction can happen. And equally, four rates or three rates or two rates or collapse into one rate is also being discussed,” Sitharaman said in response to a question in the Rajya Sabha.

“Every finance minister from every state is doing their maximum best so that GST can become simpler and lesser in terms of compliance difficulties,” she added.

The last meeting of the GST Council took place on December 21, 2024. These were some of the important recommendations made by the panel of state finance ministers then:

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