The Goods and Services Tax (GST) Council will hold its 56th meeting on September 3 and 4, 2025, in New Delhi. The meeting will begin at 11 am on both days, according to a communication issued to members.

Ahead of the Council meeting, an officers’ meeting is scheduled for September 2, also in New Delhi. The agenda for both meetings, along with details of the venue, will be shared later, the communication said.

All members of the GST Council have been invited to participate in the deliberations.

The council, comprising finance ministers of all states and UTs besides the Centre, will deliberate on the recommendations by the three GoMs on rate rationalisation, compensation cess and health and life insurance.

The GoM comprising state ministers met earlier this week and, in principle, agreed to the Centre’s proposal for a two-slab GST, reported PTI.

According to the reform proposed by the Centre to the GoMs, Goods and Services Tax (GST) should be a two-rate structure of 5 and 18 per cent, classifying goods and services as ‘merit’ and ‘standard’. A special rate of 40 per cent will be levied on select few items like ultra-luxury cars and sin goods.

Currently, GST is a 4-tier structure of 5, 12, 18 and 28 per cent.

 

Source: The Economics Times