{"id":8165,"date":"2025-08-26T18:36:14","date_gmt":"2025-08-26T18:36:14","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/26\/speculation-on-gst-rates-may-be-avoided-cbic-warns-of-rumours-ahead-of-council-meet-business-news\/"},"modified":"2025-08-26T18:36:14","modified_gmt":"2025-08-26T18:36:14","slug":"speculation-on-gst-rates-may-be-avoided-cbic-warns-of-rumours-ahead-of-council-meet-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/26\/speculation-on-gst-rates-may-be-avoided-cbic-warns-of-rumours-ahead-of-council-meet-business-news\/","title":{"rendered":"‘Speculation On GST Rates May Be Avoided’: CBIC Warns Of Rumours Ahead Of Council Meet | Business News"},"content":{"rendered":"


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CBIC urges against GST rate speculation before the 56th GST Council meeting in New Delhi on September 3 and 4, 2025.<\/h2>\n
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GST Council will likely meet on on September 3 and 4 to discuss rate cuts. <\/p>\n<\/figure>\n

Central Board of Indirect Taxes & Customs (CBIC) has issued an advisory, suggesting that speculation on GST rates may be avoided. CBIC in the X post stated that decisions in this regard are taken collectively by the GST Council which comprises of the Centre and States.<\/p>\n

CBIC cautioned that \u201cpremature speculation gives rise to baseless rumours and may cause volatility in the markets”.<\/p>\n

CBIC further said that all stakeholders are advised to kindly await the official announcements which will be made after the GST Council meeting scheduled on 3rd and 4th September, 2025.<\/p>\n

The 56th meeting of the Goods and Services Tax (GST) Council will be held on September 3 and 4, 2025, in New Delhi, a notification by the GST Council issued last week stated.<\/p>\n

The meeting will begin at 11 am on both days, according to a communication issued to members.<\/p>\n

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It is kindly requested that speculation on GST rates may be avoided.\ud83d\udc49\ud83c\udffbDecisions in this regard are taken collectively by the GST Council which comprises of the Centre and States.<\/p>\n

\ud83d\udc49\ud83c\udffbPremature speculation gives rise to baseless rumours and may cause volatility in the markets.\u2026<\/p>\n

\u2014 CBIC (@cbic_india) August 26, 2025<\/a><\/p>\n<\/blockquote>\n<\/div>\n

As per the notification, ahead of the Council deliberations, an Officers\u2019 Meeting will take place on September 2, 2025, in the national capital.<\/p>\n

The agenda for both meetings, along with details of the venue, will be shared later, the communication said.<\/p>\n

The meeting will come amid the Centre\u2019s big push to reform the indirect taxation regime\u2019s structure into two slabs, from four at present.<\/p>\n

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\u2019s proposal for a two-slab GST, reported news agency PTI.<\/p>\n

As per sources, the finance ministry has proposed to have two slab rates \u2013 5% and 18% against the current four-slab structure. Majority of commodities of the common man uses will be under 5% (99 percent of items in 12% slab category will go to 5 percent) and 90 percent of items in 28 percent to be accommodated in 18% slab.<\/p>\n

The Centre has also proposed a new rate of 40% with specific sin and ultra luxury goods in it. However, several states raised the issue of revenue loss and highlighted the need for continued compensation to states.<\/p>\n

Currently, GST is a four-tier tax structure of 5, 12, 18 and 28 per cent, where essential items are either exempted or taxed at the lower tax bracket, while demerit and luxury items at the highest slab. Besides, a compensation cess is levied at varied rates on demerit and luxury items like pan masala and cars.<\/p>\n

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News<\/a> business<\/a> ‘Speculation On GST Rates May Be Avoided’: CBIC Warns Of Rumours Ahead Of Council Meet<\/span><\/div>\n
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