Next generation GST reforms aimed at making India Aatmanirbhar, FM Sitharaman tells GoM
Finance Minister Nirmala Sitharamanโs address to the Group of Ministers (GoMs) was for about 20 minutes, during which she elaborated on the Centreโs proposal. New Delhi: Finance Minister Nirmala Sitharaman on Wednesday presented comprehensive reforms in the GST system to a Group of Ministers (GoMs) from states. She said that the government's plans for sweeping reforms in the GST regime involve slashing tax rates and easing the compliance burden for businesses. There are currently four slabs of GST: 5, 12, 18, and 28 per cent. While essential items and food are either at nil or 5 per cent rate, luxury…