New Delhi, May 27
Finance Minister Nirmala Sitharaman will meet representatives of the Confederation of Indian Industry on Tuesday evening to discuss the roll out of reforms in the Goods and Services Tax (GST) regime, according to sources.
The Finance Ministry will seek inputs and representations from industry leaders on the proposed rate rationalisation, the future of the compensation cess, and broad structural reforms as part of the GST 2.0 reforms.
The meeting will be attended by the Secretaries of the Ministry of Finance, and officials from the Ministry of Corporate Affairs, sources said.
The industry leaders are expected to give their inputs in shaping the reform roadmap and make a presentation on their views which will be considered to get a wider picture on the ground realities and any problems that may need to be addressed.
The Finance Ministry has initiated the exercise amid the ongoing process of rationalising the GST structure to enhance ease-of-doing-business and boost consumption to accelerate growth in the economy.
The proposals that are under consideration include a simplification of the GST system by reducing the number of tax slabs to three from the four-tier system at present.