Manipur GST Bill: Simplifying Taxation for the Future

Finance Minister Nirmala Sitharaman introduced the Manipur GST bill following the 56th GST Council meeting. The amendment proposes streamlined tax rates by merging existing slabs and implementing new rates, with ultra-luxury items taxed at 40%. The bill replaces an ordinance and responds to state GST law amendments.

The Finance Minister Nirmala Sitharaman unveiled a new bill aimed at revising the tax structure in Manipur. This legislative move follows resolutions reached during the 56th meeting of the GST Council.

The proposed Manipur Goods and Services Tax (Second Amendment) Bill, 2025, seeks to replace an ordinance introduced on October 7, reflecting decisions from the GST Council.

Key changes include merging the 5, 12, 18, and 28 percent tax slabs into two effective rates of 5 and 18 percent, with a substantial 40 percent levy on ultra-luxury goods. The law is currently in effect, with amendments crucial for alignment.

(With inputs from agencies.)