InvestorQ : Is the government planning to hike the rates of GST in India?
indhumathi Sayani made post

Is the government planning to hike the rates of GST in India?

Answer
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shrinidhi Rajan answered.
5 months ago


There were expectations that the government may hike GST rates on non-essential items. Post the lockdown, demand has to be induced and economic activity has to improve on all fronts, not just on essential items. Although the government has eased restrictions in the ongoing lockdown, which is scheduled to end on 31 May, and allowed businesses to restart operations, India’s more than two-month-long lockdown and flight of migrant workers from urban and industrial centres have crippled economic activity. Though revenues are crunched this year, government has ruled out any GST hike.