← Latest news 
GST rate rationalisation could scrap the 12% slab soon but revenue risks remain
Economy
Published on 24 April 2026
A possible 12% exit could simplify GST—if revenues hold
India is weighing GST rate rationalisation to simplify the current four-slab structure, with talks that may consolidate rates and even remove the 12% slab. Officials must, however, balance lower tax burdens on essentials with the need to protect revenue collection. The final design will depend on how much simplification is feasible without triggering shortfalls.
- Government is considering simplifying GST from four slabs
- Reports suggest consolidating and possibly removing the 12% slab
- The main challenge is protecting revenue while reducing burdens
- Essential goods pricing could be a key factor in final decisions
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times