Business Standard

GST: GoM yet to take a view on rate rationalisation, says report

There was a thought in some quarters that the slab of 5% may be broken into 3% and 8%, and the remaining slabs of 12, 18 and 28% will continue

Goods and services tax, gst

Press Trust of India New Delhi

A group comprising ministers from states is yet to finalise a report on rationalisation of GST rates and a decision will be taken in due course, sources said.

The Group of Ministers (GoM) will deliberate and finalise recommendations which will be sent to the GST Council, headed by Finance Minister Nirmala Sitharaman and comprising state finance ministers.

Click here to connect with us on WhatsApp

No view on rate rationalisation has yet been taken by the GoM, the sources said.

There was a thought in some quarters that the slab of 5 per cent may be broken into 3 per cent and 8 per cent, and the remaining slabs of 12, 18 and 28 per cent will continue.

 

But no view on rate rationalisation has yet been taken by the GoM, let alone the GST Council.

The call on tinkering the rates is a political decision and the same will weigh when the GST Council takes a view on it, the sources said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : GST

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 18 2022 | 9:51 PM IST

Explore News