News

Ministers tasked to look into rate rationalisation likely to meet early next month

Ministers tasked to look into rate rationalisation likely to meet early next month

A group of ministers tasked by the Goods and Services Tax Council to look into rate rationalisation is likely to meet early next month.

The seven member GoM is led by Karnataka chief minister Basavaraj S. Bommai and has finance ministers from West Bengal, Kerala Goa, Bihar, Uttar Pradesh and Rajasthan as members. The group is unlikely to take up a proposal to raise the lowest or threshold slab under GST to 8% from 5% now, government sources said.

The recommendations of the GoM would be placed before the GST Council, likely to meet in May second half, which will take the final call.

Top