No tax slab, rate changes; GST Council may take up inverted duty structure

The Goods and Services Tax (GST) Council is unlikely to take up rationalisation of tax slabs or tax rates in its next meeting, scheduled to be held in March. It, however, is likely to address the issue of inverted duty structure in the meeting.   The 15th Finance Commission has recommended a three slab structure for GST. The government has been wanting to merge 12 per cent and 18 per cen…