Group of Ministers has to submit a report on rationalisation of GST
Chief Minister Basavaraj Bommai, who heads the Group of Ministers on Goods and Services Tax (GST), chaired a meeting on rate rationalisation of taxes on November 20.
The Group of Ministers (GoM) has to submit a report in December on issues related to rationalisation of GST and ways to augment revenue. Finance Ministers and officials from various States participated in the video conference.
The Centre has suggested the GoM to recommend rationalisation measures, including merger of tax rate slabs, for evolving a simpler tax structure.
The GoM’s report is expected to be ready before the next meeting of the GST Council to be held in December to enable discussions on recommendations of the report.
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