Demand down, government seeks solution in new GST math

NEW DELHI: Ahead of the crucial Goods and Services Tax (GST) Council meeting on September 20, the finance ministry has begun crunching the numbers to estimate the revenue it would lose in the event of rate reductions aimed at boosting demand during the festive season. The fitment panel that examines rate changes is expected to meet shortly to consider suggestions mooted by some states as well as i…