{
  "id": 12384586,
  "title": "GST Rate Changes To Be Considered Once A Year, Take Effect From April 1, Say Finance Ministry Sources",
  "url": "https://urgent.news/2026/10/06/gst-rate-changes-to-be-considered-once-a-year-take-effect-from-april",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T12:56:27.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/gst-rate-changes-to-be-considered-once-a-year-take-effect-from-april-1-say-finance-ministry-sources"
  },
  "original_language": "en",
  "account": "The GST Council will review any proposals for tax rate modifications only once annually. Consequently, all GST rate adjustments will commence from April 1, the start of a fiscal year, according to Finance Ministry sources. The GST Council, led by Union Finance Minister Nirmala Sitharaman and consisting of state representatives, opted to rationalize tax rates and slabs in September last year. The initial four-tier GST structure (5, 12, 18, and 28 percent) was revised to a dual-rate system of 5 and 18 percent. No tax rate changes are planned for the upcoming 57th GST Council meeting on October 8, sources reveal. Subsequent meetings will focus on a limited set of issues for rationalization and resolving ambiguities. The Council may introduce a uniform 5 percent GST rate without input tax credit for e-commerce deliveries, aiming to enhance clarity and stability. A finance ministry source emphasized that stability is more crucial for businesses than individual concessions, as it enables contracts to be priced over their term and facilitates long-term capital planning. Since the GST rate rationalization last year, consumption has increased, and GST revenues have consistently grown, with monthly revenues expanding by double digits since June.",
  "summary": "New Delhi, Oct 6: The GST Council will take up any proposal for tax rate changes only once a year and henceforth, all GST rate changes will be implemented from April 1 -- the beginning of a fiscal year, Finance Ministry sources said. The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, had in September last year decided to rationalise tax rates…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}