Merger of GST slab rates expected to be delayed

Merger of GST slab rates of 12% and 18%, in progress since months might be delayed with the focus on taxation of medical supplies, vaccines, oxygen concentrators and other essential commodities required to combat covid in the country. The GST council, that meets 7 months apart is expected to delay discussions on GST compensation cess on cars as well as the primary focus will stay on the medical industry. The council is also expected to discuss the borrowing scheme to meet states’ GST compensation requirement as well.