Finance Minister Nirmala Sitharaman clarified during the 55th GST Council Meeting that the decision on rate rationalisation for 148 items has been deferred, citing the need for more time to deliberate.
Addressing concerns, Sitharaman stated, “I humbly request you not to speculate on GST rate rationalisation as it impacts the entire society. Speculation creates worry and uncertainty. No decision has been taken yet.”
The Council acknowledged the recommendations of the Group of Ministers (GoM) on this issue but emphasized the complexity involved in rate adjustments and their widespread impact. Further discussions on rate rationalisation are expected in upcoming meetings.
