GST rate rationalisation likely to be taken ahead in FY25

Rationalisation of rates of the goods and services tax (GST) may be taken up in the coming fiscal and the government could give an indication towards this in the upcoming Interim Budget. The Group of Ministers on rate rationalisation of GST was reconstituted in November this year and indications are that the GST Council may take the issue further in the coming fiscal. Highly placed sources however…