GST Council likely to meet early Jan, may discuss rate rationalisation

At the 45th GST Council Meeting in Lucknow on September 17, the Council had decided to rectify the inverted duty structure for footwear and textiles

The Centre is looking to convene a meeting of the all-powerful Goods and Service Tax Council in early January. The meeting is likely to focus on rectifying the inverted duty structure for a few more items and will also serve as a platform for pre-Budget discussions between Union Finance Minister Nirmala Sitharaman and state finance ministers, Business Standard has learnt.

“The current Winter Session of Parliament ends on December 23, followed by the Christmas-New Year period. After that we would like to have a meeting of the GST Council, depending on whether there can be a quorum,” a top government