Council begins discussions on rates rationalisation proposal, say sources

GST Council meet LIVE: The 56th meeting of the Goods and Services Tax (GST) Council convened on Wednesday in New Delhi, chaired by Finance Minister Nirmala Sitharaman. The Council is reviewing proposals to simplify the tax structure by moving from four slabs to two, while also considering higher rates for sin goods.GST Council meet LIVE: The 56th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, begins today in New Delhi. The two-day meeting is expected to take up a major revamp of GST slabs, compliance simplification measures, and next-generation reforms.Ahead of the meeting, eight opposition-ruled states reiterated their demand for revenue protection, while Andhra Pradesh extended full support to the Centre’s proposals, calling the reforms beneficial for the common man and the economy.Catch LIVE updates on GST Council meet here

Source link