In its 45th meeting held on September 17, 2021, the GST Council discussed the need to undertake GST rate rationalization including correction of inverted duty structure with an objective to simplify the rate structure, to reduce classification related disputes and enhance GST revenues. Basis the inputs received from our members, Forum has submitted a detailed representation for consideration of the GOM on GST rate rationalisation and recently met with Ms Shikha C – Commissioner for Commercial Taxes, Karnataka to discuss USISPF’s industry recommendations to the GOM on GST rate rationalisation.
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