Key Points
Central and state government officials have started discussions on rationalising the Goods and Services Tax, with sources telling Business Today TV that a three-tier rate structure is also among the options on the table...
Both options include provisions for the abatement of goods of basic necessity and differential treatment for sin goods like cigarettes, tobacco, and pan masala...
This group is expected to hold its first meeting soon, ahead of the 54th GST Council gathering likely in the third-week of August...
During a post-budget roundtable with Business Today TV, CBIC Chairman, Sanjay Kumar Agarwal said, "the group of ministers committee is looking into this matter..
After the meeting of the GST Council last June, Union Finance Minister Nirmala Sitharaman had said, the GoM on rate rationalisation has done substantial work..
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