• Tue. Nov 30th, 2021

Meeting of Group of Ministers on GST charge rationalisation deferred


Nov 26, 2021

A meeting of the panel of state finance ministers looking into GST rate rationalisation has been deferred, sources said.
The Group of Ministers (GoM) on rate rationalisation, headed by Karnataka Chief Minister Basavaraj Bommai, also includes West Bengal Finance Minister Amit Mitra, Kerala Finance Minister K N Balagopal, and Bihar Deputy Chief Minister Tarkishore Prasad.
It has met twice so far and was scheduled to meet on November 27 to consider recommendations of the Fitment committee regarding GST rate and slab changes.
Sources said the meeting has been deferred and the GoM would submit its report to the GST Council, chaired by the union finance minister and comprising state counterparts.
The Council, which meets once every quarter, is slated to meet next month.
Sources had earlier 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. All

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