GoM on GST rate rationalisation to discuss raising revenue neutral rate

The Group of Ministers on GST rate rationalisation is likely to discuss measures to increase the rates to ensure the revenue neutral rate which has fallen over the past four years to around 11.6 per cent is pushed up. Sources said the panel would discuss not only reducing the rate slabs but also take steps to ensure the revenue neutral rate is brought to around 15 per cent which would ensure that…