Govt sets up GoM to rationalise GST rates

The central government has formed a 7-member group of ministers (GoM) for proposing a rationalization of tax rates and considering the merger of different tax slabs under GST. It will be headed by the Chief Minister of Karnataka Basavaraj S. Bommai.

The government has formed one more GoM which will look at tapping IT tools to minimize tax evasion and make compliance easier for taxpayers. Ajit Pawar, Maharashtra deputy CM has been made the convenor of this GoM.