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GST subpanel to fix rates of individual goods by this weekend

Updated on: Jul 13th, 2021

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1 min read

Updates from May 03, 2017

Starting May 4th, the GST Council’s fitment committee will be involved in a three-day discussion to align all goods and services with the tax slabs prescribed earlier under GST. The committee, which comprises both central and state authorities, will aim to finalise the tax rate alignment by this weekend.

The rates thus decided will need to be approved in the GST council’s next meeting on 18th May in Srinagar. The goal of the fitment committee is to keep goods and services in tax brackets that closely match their effective tax rates at present.

As reported in LiveMint

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Quick Summary

The GST Council's fitment committee will realign goods and services with tax slabs, aiming for finalization by the weekend. Rates must be approved in the May 18 GST council meeting in Srinagar to match current tax rates closely. Stay informed with latest GST updates!

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