Ministerial meeting on GST rationalisation fails to reach agreement 

According to insiders, a group of state ministers working on GST rate rationalisation was unable to achieve an agreement because some members were opposed to modifications to tax slabs and rates.

They stated that the Group of Ministers will provide a status report to the GST Council on the consensus reached at the Group of Minister’s previous meeting on November 20, 2021.

Static/Current Takeaways Important For All Exam 2022:

Finance Minister of India: Smt. Nirmala Sitharaman

Chief Minister of Karnataka: Shri Basavaraj Bommai