56th GST Council Meet Begins: Rate Rationalisation, Two-Slab Structure and Compensation Cess Future Lead Reform Agenda
The 56th meeting of the Goods and Services Tax (GST) Council commenced in New Delhi on September 3, 2025, with Union Finance Minister Nirmala Sitharaman chairing the two-day deliberations. The Council is expected to take up one of the most significant overhauls of the GST regime since its inception in July 2017, with rate rationalisation,…