News

No Proposal On GST Rate Hike Yet

Stating that views have not been sought from states on hiking rates on 143 items, sources said, there is also no proposal to shift more than half of the items to the highest tax GST slab of 28 per cent.

GST.
info_icon

The GST Council has not sought views from states on hiking tax rates, sources said on Sunday.

They said that the panel of ministers looking into GST rate rationalization is yet to submit its report to the GST Council.

Stating that views have not been sought from states on hiking rates on 143 items, sources said, there is also no proposal to shift more than half of the items to the highest tax GST slab of 28 per cent.

The Council had last year set up a panel of state ministers, headed by Karnataka Chief Minister Basavaraj Bommai, to suggest ways to augment revenue by rationalizing tax rates. 

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement