GST Rate increases on 143 items: Govt Clarification on misleading Reports

gst rate

Government Clarification related to the misleading reports of purported feedback sought on raising GST Rate on 143 items. “It has been noted that a section of the media has reported that feedback has been sought from States regarding a suggestion for raising Good & Services Tax (GST) rates on 143 items.”

Some reports have even carried the number and description of items. It is clarified that no feedback from States has been sought on the GST rates for any specific items or specific proposals to restructure the rates and the reports regarding the same are purely speculative without any basis in fact.

Read Also: GST compliance problem should be reduced; Industry wants from govt

The GST Council, in its 45th Meeting had formed a Group of Ministers (GoM) to look into the rationalization of GST rate. The deliberations of the Group are ongoing. The views of the States were sought generally on the Terms of References (ToRs) of the GoM soon after it was set up in September, 2021. A report of the Group is yet to be submitted to the Council for consideration.

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