Current Affairs · Economic Reforms & GST Council
Which of the following describes the proposed three-tier GST rate structure discussed during the GST Council reforms in September 2025?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Standard rate 15%, Merit rate 7%, De-merit rate 35%
- 2Standard rate 12%, Merit rate 6%, De-merit rate 28%
- 3Standard rate 20%, Merit rate 10%, De-merit rate 30%
- 4Standard rate 18%, Merit rate 5%, De-merit rate 40%✓
Correct answer
Standard rate 18%, Merit rate 5%, De-merit rate 40%
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