More GST rate changes likely to address inverted duty, exemptions

The Goods and Services Tax ( GST ) Council may go in for another round of rate changes to correct the remaining instances of  inverted duty , apart from withdrawing some more  exemptions . A group of ministers (GoM) headed by Karnataka chief minister Basavaraj Bommai is working on the second round, people aware of the matter told ET.  "The inverted duty correction exercise has not c…