The GoM would discuss the views of its members in the meeting scheduled to be held on October 20 and place its recommendations before the GST Council, chaired by the Union Finance Minister and comprises ministers from all states and UTs.The six-member GoM also includes Uttar Pradesh Finance Minister Suresh Kumar Khanna, Rajasthan Health Services Minister Gajendra Singh, Karnataka Revenue Minister Krishna Byre Gowda, and Kerala Finance Minister K N Balagopal.Under GST, essential items are either exempted or taxed at the lowest slab, while luxury and demerit items attract the highest slab.Luxury and sin goods attract cess on top of the highest 28 per cent slab. Whereas, average GST rate has fallen below the revenue neutral rate of 15.3 per cent.
Source link
