GST Council mulling increasing average GST rate to 15% from present 11%

The Goods and Service Tax (GST) Council is mulling whether to gradually increase the average GST rate to closer to the revenue-neutral rate of 15 percent, so that compensation to states does not have to be extended beyond June 2022,  Moneycontrol  has learnt. At the  45 th  GST Council meeting  last week, the centre had presented several options to states, including revenu…