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GST council meet: FM Sitharaman likely to recommend tax cuts on 20-25 products

GST Council meet: The proposed GST tax cuts will have limited impact on government revenue: report

twitter-logo Reuters   Panaji     Last Updated: September 20, 2019  | 11:47 IST
GST council meet: FM Sitharaman likely to recommend tax cuts on 20-25 products
Fie photo of Finance Minister Nirmala Sitharaman.

India's goods and services tax panel is likely to recommend tax cuts on 20-25 products on Friday but will avoid lowering rates for items that will significantly dent revenue collections, two government sources said.

The panel, comprising state finance ministers and the federal finance minister as the chair, will shortly meet to decide on reducing tax rates to boost growth that has fallen to a six-year low.

The proposed GST tax cuts will have limited impact on government revenue, the sources said.

Also read: GST Council meet today: No relief in sight for auto; FMCG, hotel industries may get some cheer

Also read: GST Council meet: Taxpayers seek simplification of annual return form

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