GoM on GST rate rejig remained inconclusive, next meeting on Oct 19
A Group of Ministers (GOM) on GST Rate Rationalisation on Thursday could not finalise any recommendations. It will have another meeting next meeting on October 19 and likely to focus on GST for insurance premia.
It was second meeting under the convenorship of Bihar Deputy Chief Minister Samrat Choudhary and took place in Goa.
According to sources, the meeting did discuss GST rates on various items such as educational ones and textiles, but could not conclude. Not it is expected that discussion will continue in its next meeting and accordingly a report will be prepared for the next GST Council meeting.
Meanwhile, the next meeting will be crucial, as there will be discussion on GST for various kinds of insurance. The Committee has to finalise its story by end October as Finance Minister Nirmala Sitharaman had said on September 9 that the GOM has been asked to give its report by October end which will be considered by the GST Council in its next meeting in November.
