
04/09/2025
ЁЯЪи Top updates from the GST Council meeting*
-New rates to apply from September 22
-Revenue short fall due to rate cuts -- Rs 93,000 crore
-Two slab GST rates approved- 5%, 18%
-Revenue gains from 40% slab-- Rs 45,000 crore
-Decision taken by concensus of GST Council , voting didn't happen
-No decision taken yet on compensating states for loss of revenue