VATupdate

GoM to meet on Nov 27 to finalise report on GST rate rationalisation

The panel of state finance ministers looking into GST rate rationalisation will meet on November 27 and finalise its report on rate changes to expand the tax base. Sources said the Fitment committee, comprising tax officers from states and the centre, has made many “sweeping” recommendations regarding slab and rate changes and taking items out of the exemption list.

Source: a2ztaxcorp.com

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