New Delhi, Aug. 19 -- As the Centre pushes ahead with its next wave of tax reforms, finance minister Nirmala Sitharaman will brief the Goods and Services Tax (GST) Council's groups of ministers (GoMs) in New Delhi this week on rationalizing tax rates and phasing out the compensation cess, two persons informed about the development said.
Sitharaman is expected to brief the three separate ministerial groups of the GST Council that are scheduled to meet in the capital on Wednesday and Thursday. The three groups pertain to rate rejig, insurance and compensation cess.
"The meetings scheduled for the next two days are crucial in implementing GST reforms," said one of the persons cited above on condition of not being named.
The development hi...
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