A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% and 28% rates would be eliminated, leaving standard rates of 5% and 18%. This reform aims to simplify the indirect tax system, provide relief to various sectors, and create a more transparent and growth-oriented regime.from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/BgH65P0