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Karnataka election result is likely to have an unusual impact on rationalisation of Goods & Services Tax (GST) rates.
With the defeat of BJP government, the GST Council needs to reconstitute the Group of Ministers (GoM) on Rate Rationalisation as it has outgoing Chief Minister of Karnataka Basavaraj S Bommai as the convenor.
Read more at : businessline
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The GST (Goods and Services Tax) Council is likely to take up a proposal to correct the inverted duty structure in the fertiliser sector as part of its next round of reforms by September, according to government sources.
Post Views: 437 In a bid to offset some of the impact on their margins hit by the 28% Goods…
Union Finance Minister Nirmala Sitharaman wrote to finance ministers of all states, expressing gratitude for their support and active role in helping implement the landmark overhaul of the goods and services tax (GST) regime.