- GST rate changes can be proposed by industry groups, companies, state governments, central ministries, tax authorities, or even court rulings.
- Proposals first go to the GST Council Secretariat’s Fitment Committee, which reviews revenue impact, legal issues, classification, and taxpayer effects.
- The GST Council then debates the recommendation and can approve, modify, defer, or reject it, usually by consensus under its constitutional voting framework.
- If approved, the Centre and states issue official notifications under their GST laws, and businesses then update billing, invoices, and accounting systems.
Source: a2ztaxcorp.net
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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