GST Council Considers Hiking Rates of 143 Items

Published on April 24, 2022
Current Context: GST Council is considering 92 items to be moved to a higher slab.
GST Council Considers Hiking Rates of 143 Items
  • 92 of 143 items are under consideration to be moved from 18 % to 28 % Slab. It includes perfumes, chocolates, cocoa powder, and beauty products among others.
  • The GST collection despite the pandemic has been over 1 lakh crore which has formed the ground for better financial health. These hikes were expected last year itself, however owing to a pandemic, the GST Council did not consider revision.
  • The GST Council is headed by the Finance minister with the representation of the finance minister of each state/UT. Thus, the GST Council has sought the views of states/UTs seeking consent for revision of these rates.

Question:

Q.1 Who heads the GST Council?
a. Finance Secretary
b. Principal Economic advisor
c. RBI Governor
d. Finance Minister
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