Council nominated officers recommend increase in GST slab rates for revenue augmentation

GST Council nominated officers' meeting on revenue augmentation ends; Officers recommend increasing the 5% slab to a max of 8%, and 12% slab to a max of 15% while discussing various measures to increase compliance; Further proposals to be made to the GST Council includes - i) introducing a Pan-India and State Wise Lottery to Incentivize Consumer for demanding an invoice, ii) to make generation on e-invoicing mandatory for taxpayers above Rs. 500 Cr turnover from April, 2...