GST rates likely to be fixed by weekend

The goods and service tax (GST) council's rate fitment committee will deliberate for three days starting on May 4 to align all goods and services to different slabs. A member of the committee, which comprises central and state tax officials, said that the tax rate alignment will be more or less final at the end of the meeting. "We shall do this exercise in such a way that there is little work left to be done or time required to be spent by the council in giving its approval." The council is set to meet for two days from May 18 in Srinagar and approve the rates so that GST can be rolled out from July 1.

Hindustan Times New Delhi, 03rd May 2017