https://www.taxtmi.com/news?id=17533 The model GST law will include an increased peak rate cap permitting higher CGST and SGST rates up to the new ceiling while retaining the current four-tier rate structure; this enabling provision allows the GST Council to raise maximum rates without Parliament's permission. The Centre will introduce the CGST Bill followed by State GST Bills, officials will classify goods and services into tax brackets, and the Council will consider a compensatory cess above the peak rate to fund state compensation during early implementation. en-us Thu, 02 Mar 2017 18:18:30 +0530 Thu, 02 Mar 2017 18:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17533 The model GST law will include an increased peak rate cap permitting higher CGST and SGST rates up to the new ceiling while retaining the current four-tier rate structure; this enabling provision allows the GST Council to raise maximum rates without Parliament's permission. The Centre will introduce the CGST Bill followed by State GST Bills, officials will classify goods and services into tax brackets, and the Council will consider a compensatory cess above the peak rate to fund state compensation during early implementation. News - Thu, 02 Mar 2017 18:18:30 +0530 https://www.taxtmi.com/news?id=17533