By Admin 
GST couricil meeting: In the next meeting of GST Council, the government can give relief to the public on GST. According to media reports, the council can take a big decision on abolishing 12 percent tax slab. It is being told that this can be discussed on the meeting of GST Council.
This step can be taken to make GST rate structure easier. At present, there are four slabs of GST (5 percent, 12 percent, 18 percent and 28 percent) in the country. It is being considered to be reduced to three. According to the information given in the media report, this proposal has been supported from the advisory officers of Koji GST Council and now the council has to take a decision.
These things included in 12 percent tax slab
Currently, 12 percent tax slab includes many types of things such as condensed milk, fruit juice, 20 liters of drinking water bottles, walky-talki and contact lens etc. Apart from this, sausage, frozen vegetables, pasta and many types of household items also come in this category.
If it is decided to remove 12 percent tax slab in the meeting, then the items coming in it can be shifted to 5 percent or 18 percent slab. In such a situation, the prices of things like fruit juice, salty, spices, pencils, umbrellas can be reduced. At the same time, the price of things going to 18 percent slab such as carpet, detergent, contact lens, plastic items can increase.
Why 12 percent tax slab is being removed?
Many countries like Australia, UAE, Canada, Singapore have only one or two tax slabs. In such a situation, by adopting three tax slab structure instead of four in India, it can also reach close to global standard. Apart from this, officials and experts believe that the tax slab of 12 percent has now become irrelevant and so in view of the continuous increase in GST revenue, it is going on to reduce it from four to three. The next meeting of the GST Council is likely to be held in July. While the last meeting was held in December 2024.
Also read:
So much money that becomes the metro network of an entire city, Gautam Adani made a tax payment of 75000 crores in FY25