💨 Abstract

Finance Minister Nirmala Sitharaman announced that the GST Council is nearing a decision to simplify and reduce the number of GST rates, which currently range from 5% to 28%. A group of ministers has been set up to suggest changes and the work is almost complete. Sitharaman emphasized the importance of reducing rates to make GST more consumer-friendly and to ensure that an opportunity is not missed.

Courtesy: theprint.in

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