Ministers' panel yet to take a view on GST rate rationalisation
Zee News
The group hasn't taken up a proposal to raise the lowest or threshold slab under GST to 8 per cent from 5 per cent, said the source who wished not to be identified.
New Delhi: A group of ministers, tasked by the Goods and Services Tax Council to look into rate rationaliation, hasn't taken a view on the issue yet, an official source said.
The seven-member GoM (Group of Ministers), which is led by Karnataka chief minister Basavaraj S Bommai and includes finance ministers from West Bengal, Kerala Goa, Bihar, Uttar Pradesh and Rajasthan as members, is likely to meet early next month.
The group hasn't taken up a proposal to raise the lowest or threshold slab under GST to 8 per cent from 5 per cent, said the source who wished not to be identified.
Any recommendation of the panel would be placed before the GST Council, headed by Union finance minister Nirmala Sitharaman and including representatives of all states and Union Territories, for a final decision.
No dates for the GST Council meeting have so far been announced but it is likely to meet in the second half of May.
