No GST rate hike in near future, rate tweaks only once a year: Bihar FM
There would be no hike in Goods and Services Tax (GST) rates or any merger of tax slabs in the near future amid the ongoing economic slowdown, Bihar’s Deputy Chief Minister and Finance Minister Sushil Kumar Modi said Saturday. The GST Council in its last meeting has decided to tweak rates only once a year, he said, adding that more measures to boost compliance such as new returns system, …