GoM set up to rationalise GST rates

Karnataka CM heads panel tasked with restructuring, merging multiple slabs. Setting the stage for an overhaul of the multiple tax rates under the Goods and Services Tax regime, the government has tasked a group of ministers (GoM) led by Karnataka Chief Minister Basavaraj S. Bommai with proposing a rationalisation of tax rates and considering the merger of different tax slabs within two months.&nbs…