India GST panel likely to recommend tax cuts on 20-25 products – sources

India GST panel likely to recommend tax cuts on 20-25 products – sources

India’s goods and services tax panel is likely to recommend tax cuts on 20-25 products on Friday but will avoid lowering rates for items that will significantly dent revenue collections, two government sources said.

The panel, comprising state finance ministers and the federal finance minister as the chair, will shortly meet to decide on reducing tax rates to boost growth that has fallen to a six-year low.

The proposed GST tax cuts will have limited impact on government revenue, the sources said.

Source: Economic-Times

Get Your GST Returns Filed Easily and
Effortlessly!!!

Our GST software enables you to file your GST returns free of any hassle. Get more details by writing to us at gst@xattax.in.

Leave a Reply

Your email address will not be published. Required fields are marked *

× How can I help you?