New GST Rates To Roll Out by September 22? Government Advises Avoiding Speculation on New GST Tax Slabs; Says Wait for Final Announcement

The Central Board of Indirect Taxes & Customs (CBIC) on Tuesday, August 26, urged the public to avoid speculation on new GST tax slabs, stating on X, "Decisions in this regard are taken collectively by the GST Council which comprises of the Centre and States. Premature speculation gives rise to baseless rumours and may cause volatility in the markets. All stakeholders are advised to kindly await the official announcements which will be made after the GST Council meeting scheduled on 3rd and 4th September, 2025." This comes amid reports suggesting that the Goods and Services Tax Council, chaired by FM Nirmala Sitharaman, may roll out new GST rates by September 22. Proposed changes are said to include a simplified two-tier GST structure of 5% and 18%, with select items such as ultra-luxury cars and sin goods potentially attracting a special 40% rate. The government, however, has not officially confirmed these figures, urging stakeholders to wait for formal announcements. GST Slab: Group of Ministers Back Centre’s Proposal To Scrap 12% and 28% Goods and Services Tax Slabs, Says Bihar Deputy CM Samrat Choudhary (Watch Video).

Govt Advises Against GST Speculation Ahead of Council Meet

It is kindly requested that speculation on GST rates may be avoided.

👉🏻Decisions in this regard are taken collectively by the GST Council which comprises of the Centre and States.

👉🏻Premature speculation gives rise to baseless rumours and may cause volatility in the markets.…

— CBIC (@cbic_india) August 26, 2025

(The above story first appeared on LatestLY on Aug 26, 2025 03:45 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).