Ahead of the crucial GST Council meeting on September 20, its Fitment Committee has rejected demands for a cut in the tax rate on items ranging from biscuits to cars, citing to its tight revenue position. Any such move will also dent Centre and state collections, it warned.
The Council's Fitment Committee, which comprises revenue officials of both Centre and states, looked into demands for reduction in the Goods & Services Tax (GST) rate on automobiles to beat the slowdown in the sector for the past three quarters.
https://www.moneycontrol.com/news/business/fitment-panel-rejects-gst-rate-cut-for-auto-biscuits-4452131.html
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Ahead of the crucial GST Council meeting on September 20, its Fitment Committee has rejected demands for a cut in the tax rate on items ranging from biscuits to cars, citing to its tight revenue position. Any such move will also dent Centre and state collections, it warned. The Council's Fitment Committee, which comprises revenue officials of both Centre and states, looked into demands for reduction in the Goods & Services Tax (GST) rate on automobiles to beat the slowdown in the sector for the past three quarters. https://www.moneycontrol.com/news/business/fitment-panel-rejects-gst-rate-cut-for-auto-biscuits-4452131.html
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