Goods and services tax

GST Council Meeting: Rate Revisions, Law Amendments, Simplification Of Returns On Agenda

"Reduction in GST rates should be done on a case-to-case basis considering the revenue impact to the state and central governments. While exempting certain essential items from GST, the council should also consider the resultant costs arising due to credit blockages and inverted duty structure situation, if any.”

Krishan Arora
Partner, Grant Thornton India LLP

This article appeared in Bloomberg Quint on 20th July, 2018.