GST set for a makeover with ministerial panels beginning their review

NEW DELHI  : India’s  goods and services tax  (GST) regime is set for its first major structural correction, with two ministerial panels beginning work on tax rates, slabs, list of exemptions and use of technology for better compliance. The roll-out of GST four years ago and successive tweaks have eroded some of the country’s tax base, and the first review of the tax regime is likel…