Bihar Conclave 2025

GST Council Meeting

The 56th GST Council reduced the slabs from four to two: 5% for essentials and 18% for non-essentials, while imposing a 40% rate on sin and luxury goods.

The upcoming GST Council meeting is likely to focus on revising tax slab rates and reviewing the compensation cess structure.

A GoM on Goods and Services Tax Appellate Tribunals (GSTATs) was set up in July last year under the chairmanship of Haryana deputy chief minister Dushyant Chautala...