<ul data-eligibleForWebStory="true"><li>Finance Minister Nirmala Sitharaman hints at working on simplifying GST for lowering rates to boost revenue buoyancy and encourage expansion.</li><li>She mentioned the necessity for consensus in the GST Council to achieve a simplified and easy-to-comply GST structure.</li><li>Sitharaman emphasized that India's tariff structure is compliant with global norms, with effective rates below WTO upper bounds and only eight customs duties.</li><li>There is no fixed date yet for the 56th GST Council Meeting, while sectoral issues like agriculture and auto industry are being addressed in trade negotiations.</li></ul>

‘The expectation is that GST rates will come down and we are working on it’: FM Nirmala Sitharaman

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