GST Council may lower tax rates if high collections continue
GST Council may consider lowering tax on items of common consumption if the high trajectory of collections continues over next few months, an official said. If the rising trend continues till December, it would make a case for reduction of tax rate, the official stated. Notably, the first GST collection hit â¹92,283 crore in July, surpassing the â¹91,000 crore target.