Finance Ministry has denied that feedback has been sought from states regarding a suggestion for raising Good and Services Tax rates on 143 items. The Ministry said, it has been noted that a section of the media has reported that feedback has been sought from states. The Ministry has clarified that no feedback from states has been sought on the GST rates for any specific items or specific proposals to restructure the rates. The Finance Minister termed the reports purely speculatively.
The GST Council in its 45th Meeting had formed a Group of Ministers to look into the rationalization of rates. The views of the states were sought generally on the Terms of References of the GoM soon after it was set up in September 2021. A report of the Group is yet to be submitted to the Council for consideration.