GST rate rationalisation: GoM discusses pruning 12 pc slab, next meeting on Oct 20
NEW DELHI, Sep 26 (PTI): The GoM on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12 to 5 per cent, to give relief to the common man, West Bengal Finance Minister Chandrima Bhattacharya said on Thursday.
The next meeting of the GoM is scheduled on October 20, Bhattacharya said, adding that rationalising taxes on bicycles and bottled water will be part of the discussion.
The six-member Group of Ministers (GoM), which had met on Wednesday, also took up the issue of tax rate cut on medical and pharma-related items in the 12 per cent slab and decided to discuss it in its meeting next month.
