Ministerial panel looks to rework GST rates on over 100 items

The ministerial panel on GST rationalisation has discussed proposals for adjusting rates on over 100 items and merging the 12% and 18% slabs. The fitment committee will analyse the impact, potentially reducing rates for common goods and increasing them for luxury items. Further discussions are scheduled in Delhi later this month.

Sep 27, 2024 - 06:00

Ministerial panel looks to rework GST rates on over 100 items

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The ministerial panel on GST rationalisation has discussed proposals for adjusting rates on over 100 items and merging the 12% and 18% slabs. The fitment committee will analyse the impact, potentially reducing rates for common goods and increasing them for luxury items. Further discussions are scheduled in Delhi later this month.