Govt May Slash GST On Select Goods

New Delhi: The GoM on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12 to 5 per cent, to give relief to the common man, West Bengal Finance Minister Chandrima Bhattacharya said on Thursday.

The next meeting of the GoM is scheduled on October 19, Bhattacharya said, adding that rationalising taxes on bicycles and bottled water will be part of the discussion. The six-member Group of Ministers (GoM), which had met on Wednesday, also took up the issue of tax rate cut on medical and pharma-related items.