Home / Business and Economy / India's Finance Minister Unveils GST Rate Restructuring Proposal
India's Finance Minister Unveils GST Rate Restructuring Proposal
19 Aug
Summary
- GST rate rationalisation proposal to be discussed by Group of Ministers
- Meeting scheduled for August 20-21 in Delhi's Vigyan Bhawan
- GST Council likely to meet in September to consider comprehensive rate changes
On August 19, 2025, India's Finance Minister Nirmala Sitharaman is set to present a proposal for rationalizing the Goods and Services Tax (GST) rates to a Group of Ministers (GoM) in a two-day meeting starting August 20. The GoM, led by Bihar Deputy Chief Minister Samrat Choudhary, will convene in person at Delhi's Vigyan Bhawan to discuss the Union government's plan to shift to a two-slab GST structure.
The six-member state panel is expected to thoroughly review the proposal and provide their recommendations. According to sources, the GST Council is likely to meet on September 18-19 to take up the proposed comprehensive rate restructuring. This potential overhaul of the GST system comes as the government aims to simplify the tax structure and make it more efficient.
The upcoming discussions and decisions on the GST rate changes will be closely watched by businesses and consumers alike, as any modifications to the tax slabs could have a significant impact on the prices of goods and services across the country.
