GST Council to meet on June 3 to fix more rates: Arjun Ram Meghwal

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The Goods and Services Tax (GST) Council will meet again on June 3 to decide on the levy on remaining goods, including gold, footwear and textiles, Minister of State for Finance Arjun Ram Meghwal said on Thursday.

"In its next meeting on June 3, the GST Council will fix rates for certain items that could not be decided upon at its (previous) meeting in Srinagar," Meghwal said here while speaking at a GST Summit for traders organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Consumer Electronics and Appliances Manufacturers Association (CEAMA).

"We have also received representations from some sectors, including textile. We will discuss it in the next GST Council meeting. In textile sector, garment manufacturers and cloth manufacturers want different rates, we will discuss these issues on June 3," he said.

He also said that Finance Ministry has advised the trade and industry bodies along with its three technical institutes -- Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and Institute of Cost Accountants of India (ICAI) -- to organise awareness campaigns ahead of the GST roll-out from July 1.

"As a representative of the government, I promise that businesses will be simplified including for the Micro, Small and Medium Enterprises (MSMEs)," he added.

Meghwal noted that the decisions taken so far by the GST Council are not based on majority, but on the basis of consensus among all state Finance Ministers.

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