The Goods and Services Tax (GST) Council is considering reducing tax rates on certain items to stimulate consumption while balancing revenue needs, Mint reported, citing sources familiar with the discussions. The Council may also eliminate the 12 percent slab, shifting items either to the 5 percent or 18 percent categories where necessary. This move aims to simplify the tax structure while providing a consumption boost, according to a source who spoke to Mint on condition of anonymity. A second source told Mint that the Centre’s recommendations have been placed before a ministerial panel led by Bihar Deputy Chief Minister Samrat Chaudhary. The panel is also considering adjustments that balance tax cuts with revenue requirements, including moving some items to higher tax slabs.