31
Dec
On 31st December Finance Minister Nirmala Sitharaman chaired the 46th GST Council Meet and will likely discuss the report on rate rationalisation, proposed GST hike in textile and among other things. It is an extension to the pre-budget meeting of FM Sitharaman with State Finance Ministers on 30th December. The Group of Ministers (GoM) were tasked to review items under an inverted duty structure to help minimize refund payout, will submit a report to the Council. The Fitment committee has made many "sweeping" recommendations to the GoM regarding slab and rate changes and taking items out of the exemption list.…