September 4, 2025
GST Council Meeting Begins: Big Tax Slab Overhaul and EV Rate Clash Ahead
The GST Council, led by Finance Minister Nirmala Sitharaman, is debating a major shake-up in India’s tax rates. The plan aims to cut the slabs from four to two, reduce taxes on daily goods, and decide EV tax rates. Yet, states worry about revenue losses. Plus, ending compensation cess early may shake up state finances even more!