GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection

NEW DELHI: The 56th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, on Wednesday started deliberations on next-gen GST reforms, which will lower tax rates on items of mass consumption, remove duty inversion in sectors, like textiles, and ease compliance burden for MSMEs. The Council, over the next []

3 Sep 2025 1:10 pm