GST Council did not seek opinion from states on increase in tax rates: Sources

The GST Council has not sought the opinion of the states on the increase in tax rates. Sources have given this information on Sunday. Sources said the panel of ministers looking to rationalize the GST rate is yet to submit its report to the GST Council. The council had last year constituted a panel of state ministers, headed by Karnataka Chief Minister Basavaraj Bommai, to suggest ways to increase revenue by rationalizing tax rates. Sources said that the views of the states have not been sought on the hike in rates on 143 items. Along with this, sources said, there is also no proposal to shift more than half of the items to the highest tax GST slab of 28 per cent.

Earlier on Sunday, news agency PTI had reported that in the next month’s meeting of the GST Council, the tax slab of 5 percent can be abolished and with this, the products of slightly higher consumption of 5 percent slab will be given 3 percent. slabs while the rest can be put in the 8 per cent slab. PTI had given this information quoting sources. It was said in that report that this is the opinion of most of the states regarding increasing the revenue. However, right now PTI has informed quoting sources that the GST Council has not sought the opinion of the states.

Let us inform that at present there are four tax slabs of 5, 12, 18 and 28 percent in GST. Gold and gold jewelery have been kept in the three per cent slab. At the same time, some unbranded and unpackaged products are not kept in GST. Apart from these, petrol and diesel also do not come under the purview of GST, they have also been kept out of it.

 

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