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HinduBusinessLine
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GST reforms, a work in progress
- The GST Council proposed several changes at the GST meeting.
- GST rates on fortified rice kernel (FRK) will be reduced to 5%.
- Clarifications were provided on the tax rates for items like pepper, ready-to-eat popcorn, and old/used vehicles.
- The establishment of GST Tribunals and the restructuring of GST compensation cess are still ongoing processes.
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