NEW DELHI : The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.
A top government source said that the Centre is not in favour of increasing tax rates on any goods or service as it could further impact consumption and demand that is already suppressed due the Covid-19 pandemic and lockdown.
It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre.
Several states have reportedly taken an over 80-90 per cent hit in GST collections in April, the official data for which has not yet been released by the Centre. "The need of the hour is to boost consumption and improve demand.