'No need to change tax slabs for now': GST Rate Rationalisation committee
The Group of Ministers (GoM) on Rate Rationalisation on Thursday said that there is no need to change tax slabs for now. The ministerial panel met to discuss the rate rejig under the indirect tax regime and is expected to make a presentation to the GST Council, which will meet next month.
After the meeting, panel members told Business Today TV that a lot of issues were discussed at the meeting. The rate revision was discussed, however, nothing was finalised.
"All members presented their views and discussed rate slabs, not every member was in favour of slab changes," one of the panel members said.
Bihar’s Deputy Chief Minister Samrat Chaudhary was the convenor of the seven-member GoM on rate rationalisation under GST. Other members of the GoM are Uttar Pradesh Finance Minister Suresh Kumar Khanna, Goa Transport Minister Mauvin Godinho, Rajasthan Medical, and Health Services Minister Gajendra Singh along with West Bengal Finance Minister Chandrima Bhattacharya, Karnataka Revenue Minister Krishna Byre Gowda, and Kerala Finance Minister K N Balagopal.
