CBIC Cautions Against 'Premature Speculation' Ahead Of GST Council Decision On Rate Cut

The Central Board of Indirect Taxes and Customs on Tuesday requested people and media outlets to avoid speculations on the Goods and Services Tax rate cuts. In a post on X, formerly known as Twitter they added that the decision will be announced after the GST Council meet which is scheduled on Sept. 3 and 4. "Premature speculation gives rise to baseless rumours and may cause volatility in the mark…