Not many changes in GST rates say officials

There will not be many changes in the goods and services tax (GST) rates compared to what’s prevailing in the current indirect taxation regime, according to officials.

They also said the rates would not be inflationary because foodgrains are likely to be exempted. 

The next big thing in the GST regime will be rules and the item-wise rate structure.

“We don’t want to make many changes in rates for goods under the new GST rate structure,” an official said.

Another official said there would be a smooth landing for industry with respect to the rates. He said the fitment of items in the GST