December 22, 2019 2:05 PM

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GST Council decides to consider changes in rates once a year; No hike in GST rates till revenue collection stabilises

<span style="color: #222222;">Bihar Deputy Chief Minister and convener of Group of Ministers on IGST Sushil Kumar Modi says the GST Council has decided to consider changes in rates once a year, and not in each and every meeting. <br />''<br />''He said, there is no possibility of change in GST rates till revenue collection stabilises. Sushil Modi said any change in slabs and tax rates – hike or cut – in the near future is unlikely. He was addressing the annual convention of FICCI on the theme 'India: Roadmap to a Five Trillion Dollar Economy' in New Delhi. He said no state or the Centre is ready to raise tax rates.</span><br />

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