46th GST Council meet on Dec 31: Members to discuss rate rationalisation, textile hike
Zee News
The 46th GST Council meeting will be chaired by Finance Minister Nirmala Sitharaman on Friday, December 31, in Delhi.
New Delhi: The 46th Goods and Service Tax (GST) Council meet will be chaired by Finance Minister Nirmala Sitharaman on Friday, December 31, in Delhi. The members are expected to discuss the report of the panel of state ministers on rate rationalisation, proposed GST hike in textile, among other things.
The members will meet in person to discuss correction in duty inversion in certain goods. The meeting will be an extension to the pre-budget meeting of the Finance Minister with state finance ministers on December 30.
The Group of Ministers (GoM) on rate rationalisation is expected to submit a report to the Council. The panel was tasked to review items under the inverted duty structure to help minimise refund payout.
