New Delhi: Amid reports of speculations over new Goods and Services Tax (GST) rates for products, the Central Board of Indirect Taxes and Customs (CBIC) made an appeal to not publish speculative GST rates.

The CBIC took to social media to make the appeal.

“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. 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,” the CBIC stated in a post on X.

The GST Council will hold a meeting from September 3-4 to consider the Group of Ministers’ (GoM) proposals on GST rationalisation.

Prime Minister Narendra Modi, while addressing the nation on the occasion of 79th Independence Day, highlighted how GST is a significant reform which has benefited the nation. He advocated for next generation of reforms under GST, that would be aimed at bringing relief to the common man, farmers, middle class and MSMEs.

In its proposal, the central government has mentioned that the GST regime would have just two — 5 and 18 per cent– and a special tax rate of 40 per cent on select few items.

The Centre has proposed that 99 per cent of the products which are in the current 12 per cent slab will be brought down to 5 per cent, while 90 per cent of the items in 28 per cent slab will be placed under the slab of 18 per cent.