Archive · 25 Jun 2025
GST Council Meeting: Rate Slabs, Cess and Reforms
The GST Council is having a meeting to talk about taxes in India.
They might make the tax system simpler by reducing the number of tax rates.
They'll also discuss a special tax called the compensation cess.
Another topic is figuring out how to treat services that help businesses export things.
They also want to make it easier for businesses to register for GST across different states.
These changes are meant to make taxes simpler and fairer.
56th GST Council meeting to discuss GST rate rationalization and compensation cess.
Council may consider reducing GST slabs from four to three, potentially eliminating the 12% slab.
The GST Council is likely to deliberate on the compensation cess, possibly integrating it into GST.
Discussions on classifying intermediary services, particularly those for foreign clients, as exports.
Expectations for aligning state-level GST registration with CBIC's streamlined system.
- Who
- GST Council (Union Finance Minister and State Finance Ministers)
- What
- The 56th GST Council meeting to discuss GST rate rationalization, compensation cess, and other reforms.
- When
- Expected to convene in the last week of June or early July.
- Where
- India
- Why
- To address long-pending demands and reshape India's indirect tax landscape.
- Meeting Focus
- GST Rate Rationalization and Cess
- GST Council Members
- Union Finance Minister and State Finance Ministers
- Cess Expiration
- March 2026
- Last GST Council Meeting
- December 2024
- Registration Improvement
- Aligning state and CBIC systems
