In a comprehensive overhaul of the four-monthold goods and services tax (GST), the Centre and states are reviewing nearly half of items in the top bracket of 28%, while shifting to quarterly filing of returns for all companies. A senior government official told TOI that the fitment committee, which decides on product-specific rates, is looking at proposals to pare the rates on 150-200 items with a majority of them being from the bracket.
In a comprehensive overhaul of the four-monthold goods and services tax (GST), the Centre and states are reviewing nearly half of items in the top bracket of 28%, while shifting to quarterly filing of returns for all companies. A senior government official told TOI that the fitment committee, which decides on product-specific rates, is looking at proposals to pare the rates on 150-200 items with a majority of them being from the bracket.
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