- A new six-member GoM on rate rationalisation for Goods and Services Tax has been constituted
- Discussions are ongoing for a three-tier rate structure for GST
- Options include slabs of 8%, 16%, and 24% or 9%, 18%, and 27%
- The GoM is headed by Samrat Chaudhary, Deputy Chief Minister of Bihar
- CBIC Chairman mentioned the need to match GST rates with commodities and consider special rates
- The GoM is expected to present a status report at the 54th GST Council gathering in August
Source: businesstoday.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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