In a clear signal that the GST rate rationalisation exercise is back on the Centre’s agenda after being in deep freeze, the government has reconstituted the ministerial group of the GST Council that was tasked with recommending the simplification of the complex tax structure and a rejig of its multiple rates.
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The group of ministers (GoM) on GST rate rationalisation, that was headed by former Karnataka CM Basavaraj Bommai since its formation in 2021, had been in suspended animation since the BJP’s loss in the State’s assembly polls this May. Top revenue officials had indicated in early 2023 that the GST rates’ rejig and simplification, long-awaited by the industry, was off the table for a while.
Read more at: The Hindu
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