GST Council's fitment committee likely to consider dropping 12% slab

The fitment committee under the Goods and Services Tax (GST) Council, comprising central and state officials, has begun a rate rationalisation exercise afresh, checking the possibility of dropping......

4 major things 47th GST Council is likely to discuss

The 47th GST Council meeting that is currently underway is slated to discuss a host of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some items and......

Ministers' group on GST agrees to disagree on pruning exempted items list

The GoM is likely to submit an interim report to the Council on pruning the list of items that at present do not attract the levy. IMAGE: Finance Minister Nirmala Sitharaman chairs the 44th GST......

GST Council meet on Dec 31, to discuss rate rationalisation

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on December 31 and discuss, among other things, report of the panel of state ministers on rate rationalisation. This will......