21
Aug
#GSTReform #GSTCouncil #TaxRationalisation #IndirectTax #IndiaEconomy #EaseOfDoingBusiness #GSTUpdate #GoM #FinanceIndia #GSTStructure New Delhi: In a significant development towards streamlining IndiaтАЩs indirect taxation regime, the Group of Ministers (GoM) on Goods and Services Tax (GST) has given its approval to the CentreтАЩs proposal for GST rate rationalisation. The decision, which is expected to be taken up in the forthcoming GST Council meeting, could mark one of the most far-reaching structural changes in the GST framework since its rollout in July 2017. A Step Towards Simplification At present, IndiaтАЩs GST regime operates under a multi-tiered slab structure with rates of 5%, 12%, 18%…