With the government trying hard to reverse the economic slowdown, the GST Council is likely to make major announcements on Friday.
The GST Council is likely rationalise rates for five-star hotels in its meeting on Friday, in a move that could provide a boost to the tourism industry. The fitment panel, consisting of Central and state officials, recommended a rate cut for outdoor catering from 18 per cent to 5 per cent, but without input tax credit. The panel also recommended rate rationalisation for match sticks in its final agenda circulated to council members.
The meeting is likely to witness a heated debate over lottery rates, with the Centre pushing for one rate and Kerala batting for the continuation of the current dual structure. Listen to the podcast to know more