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GoM to meet on Nov 27 to finalise report on GST rate rationalisation

GoM to meet on Nov 27 to finalise report on GST rate rationalisation

The panel of state finance ministers looking into GST rate rationalisation will meet on November 27 and finalise its report on rate changes to expand the tax base. Sources said the Fitment committee, comprising tax officers from states and the centre, has made many “sweeping” recommendations regarding slab and rate changes and taking items out of the exemption list.

The recommendations will be discussed in the meeting, but all might not be accepted in toto. This is the third meeting of the GoM, which was set up in September. It was tasked to submit a report within 2 months.

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