Saturday, 27 May 2017

No review of GST rates >> Daily Intraday Tips- 9644405056

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Amid clamour in industry over tax rates decided by the GST Council, Vanaja Sarna, chairperson of the Central Board of Excise and Customs, ruled out a review, barring a few rare cases. She also said the government was set for the July 1 roll-out of the GST and industry must gear up for the new regime. The government is flooded with representations from industries, including FMCG, automobiles, railways and solar power, to revise rates. The GST Council in its last meeting decided rates for 1,211 items and 500 services.

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