GST Overhaul Approved: GoM Agrees to Scrap 12% and 28% Slabs, Paving Way for Simplified Two-Tier Structure
In a landmark decision that could reshape India’s indirect tax regime, the Group of Ministers (GoM) on Goods and Services Tax (GST) has approved the Centre’s proposal to eliminate the 12% and 28% tax slabs. The move, aimed at simplifying the GST structure and making it more transparent and growth-oriented, will introduce a streamlined two-tier…