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GST Council-Appointed GoM to Meet on June 17; likely to discuss GST rate rationalisation

Karnataka Chief Minister Basavaraj Bommai-led group of ministers (GoM), which was set up last year by the GST Council to suggest ways for augmenting revenue by rationalising tax rates and correcting anomalies in the tax structure, is likely to meet on June 17. The panel of ministers is likely to discuss a proposal to shift rate slabs from the current five per cent to seven or eight per cent; and from 18 per cent to 20 per cent, sources told CNBC-TV18.

Source: a2ztaxcorp.com

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