Stay updated with breaking news from Gst Structure. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
While the GST is credited for bringing in tax compliance and making over Rs 1 lakh crore revenue collection every month "a new normal", there are confusions over so many categories in the single, indirect tax regime.
The GST Council may also revise tax rates on certain items such as accessories used by cancer patients, imported defence items and tetra packs.
Recently, the 15th Finance Commission has also recommended merging 12 per cent and 18 per cent tax rates.