The GST Council is likely to finalize rules next week for transporting gold and precious stones worth ₹2 lakh or more by merchants so that states can monitor their movement and prevent leakages in tax collection, a person familiar with the development said. Pan masala producers are likely to be asked to register their machines and capacity in the GST portal to keep a close watch over their output. The Council is also likely also reconstitute certain ministerial groups, especially the ones looking into the need for tax rate increases. An email sent to the finance ministry and the GST Council secretariat on Friday seeking comments for the story remained unanswered at the time of publishing. of Experience in Indirect Taxation – GST, Service Tax, Excise, Customs, VAT/CST, FTP, DGFT matters etc.

Source: Mint July 09, 2023 09:28 UTC