No Talks Yet In FinMin On GST Hike: FM

FDI in first half up 13% at $35 bn, says CEA in update on progress made after recent reform measures

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The Finance Ministry has not yet discussed proposing, to the Goods and Services Tax Council, an increase in tax rates, Finance Minister Nirmala Sitharaman said on Friday.

Last month, the Ministry had written to all States seeking suggestions on increasing GST revenues, including looking at the rates of tax and compensation cess on various items.

Since then, several officials had unofficially confirmed to the media that a proposal to increase GST rates was on the cards.

“The buzz is everywhere else other than in my office,” she informed the media.