The 57th meeting of the GST Council took place recently. The discussions and proposals presented there clearly indicated that the government considers GST collections a valuable source of its treasury. When the Modi government implemented the scheme with the objective of “One Nation, One Tax,” there were many apprehensions, including some from tax regulators and.
New Delhi: In a landmark move, the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday rationalised the indirect tax structure, cutting the current four slabs down to two — scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs. The changes in.
