What does the industry expect from upcoming GST council meet?

Another round of rationalisation of  tax  rates is on the cards. The Centre is looking to convene a meeting of the Goods and Service  Tax  or  GST  Council in early January. Besides rate rationalisation, a correction of the inverted duty structure is also expected. Inverted duty structure is when inputs for a product are taxed at a higher rate than the outgoing produc…