From business ranking to further rate revisions: More GST measures likely

GST Council to implement a ranking of businesses based on their tax payment track record from January

Companies will soon be able to decide which business entities to conduct business with and which ones to avoid, if they do not wish to face hassles over GST taxation, while the Centre may also reduce the number of items falling under the highest rate slab even as the GST Council moves to discourage any further tweaking of rates after last week's measures. 

In what Prime Minister Narendra Modi described as Diwali come early, The Goods and Services Tax (GST) Council on Friday took major decisions to prevent working capital of exporters from getting locked up and reduce the compliance