New Delhi, Aug. 15 -- On the backdrop of India's 79th Independence Day, on Friday 15 August 2025, the ministry of finance announced that the government is planning to move towards a 'simple tax' regime in efforts to rationalise the goods and service tax (GST) rates imposed on the citizen of the nation.

In a social media post on X, the finance ministry explained that the government plans to move towards a simpler indirect tax regime with 'two slabs --- standard and merit' as compared to its current variable GST rates.

The ministry also said that it aims to impose 'special rates' for only a select 'few items' sold in the nation.

"Essentially move towards simple tax with 2 slabs - standard and merit. Special rates only for select few item...