New Delhi, Jun 21 (UNI) Goods and Service Tax (GST) Council needs to simplify the GST rules, rationalize the GST and bring more items under its ambit, Union Finance Minister Nirmala Sithraman said on Friday.
Ms Sitharaman was chairing her first and the 35th GST Council meet after replacing Arun Jaitley in the new Narendra Modi government.
‘GST Council has many more work to do including simplification of GST Rules, rationalisation of GST rates and bringing more items in the ambit of GST among others,’ Ms Sitharaman said in her opening remarks at the Council meet.
She said the GST Council has done tremendous work since its inception in post-Independence era of the country.
The GST Council was to take crucial decisions on myriad proposals, including slashing GST on electric vehicles to 5 per cent from 12 per cent, tax evasion issue, extension of the tenure of the National Anti-profiteering Authority till 2020 and electronic invoices system.
The meet comes two weeks prior to the Finance Minister’s maiden Union Budget 2019.