Ghee, soap and snacks to get cheaper? Big GST cut likely, say sources
A final decision is likely to be taken at the upcoming 56th meeting of the GST Council. As per protocol, a 15-day notice is required before convening a Council meeting, but sources indicate that the session could take place later this month.The move is expected to be politically significant, especially in a pre-election year, and could help ease inflationary pressure on essential goods consumed by a large section of the population.The GST Council, chaired by the Union Finance Minister and comprising state finance ministers, holds the authority to recommend changes in tax rates.If the proposal goes through, it would mark one of the most significant overhauls of GST rates since the indirect tax system was rolled out in 2017.- EndsMust Watch
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