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India to Discuss GST Rate Rationalization in August, Finance Minister Announces

  • Indian tax panel to hold talks on GST rate rationalization in August
  • Federal Finance Minister Nirmala Sitharaman announced the discussions
  • Group of ministers to present status report on GST rate rationalization in next council meeting
  • GST Council recommended uniform rate of 12% on all milk cans
  • Government to roll out pan-India biometric authentication for GST in phased manner
  • Minister says this will help combat fraudulent input tax credit claims made through fake invoices

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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