Taxpayers can withdraw their GST-related cases filed in High Courts and the Supreme Court and lodge them with the upcoming GST appellate tribunals so as to speed up their outcomes, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Tuesday. The Parliament’s Lower House subsequently passed amendments to the central GST law aimed at operationalising the tribunals at the earliest. “A member from Andhra Pradesh has raised quite a few issues and the fact that there are eight rate slabs. First of all, on rate rationalisation, there is a Group of Ministers which is formed within the GST Council. So that work of rate rationalisation is the larger exercise that is being undertaken by the GoM of the Council,” Ms. Sitharaman added.

Source: The Hindu December 23, 2023 09:02 UTC