Wed Sep 03 06:18:23 UTC 2025: ## Summary of Text:

The GST Council is meeting today, led by the Finance Minister, to consider simplifying the Goods and Services Tax (GST) system. The proposed change involves moving to a two-slab structure, which is anticipated to lower the prices of everyday consumer goods by streamlining and reducing the number of GST tax brackets.

## News Article:

**GST Council to Consider Two-Slab Tax Structure, Expected to Lower Consumer Goods Prices**

**New Delhi, [Date]** – The Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman, is meeting today to deliberate on a significant overhaul of the current GST structure. The key proposal on the agenda is a shift towards a two-slab system, aimed at simplifying the tax regime and potentially reducing the prices of everyday consumer goods.

Currently, the GST system operates with multiple tax brackets. The proposed streamlining aims to rationalize these brackets and reduce their number, ultimately simplifying compliance and minimizing ambiguities.

Sources familiar with the matter indicate that a transition to a two-slab structure is expected to significantly impact the pricing of frequently used items. By consolidating and potentially lowering the tax rates applicable to many goods, the move is predicted to lead to a decrease in prices for consumers.

“The focus is on creating a more efficient and user-friendly GST system,” said a government official speaking on the condition of anonymity. “A two-slab structure will streamline tax administration and potentially benefit consumers by lowering the cost of essential items.”

The council’s decision on this crucial matter will have far-reaching implications for businesses and consumers alike. The outcome of today’s meeting is eagerly anticipated by stakeholders across the country. Further details regarding the specific tax rates under the proposed two-slab system are expected to be announced following the Council meeting.

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