Group of Ministers · GST Council Secretariat (Minutes of the 47th GST Council meeting) · 2022-06-29

Interim Report of the Group of Ministers on Rate Rationalisation - 47th GST Council

The 45th Council meeting set up a GoM, convened by Karnataka, to work on rate restructuring. Its brief was to correct inverted duty structures, reduce classification disputes, raise revenue, and review exemptions and slab mergers. The Fitment Committee analysed refund data to find where duties were inverted and put proposals to the GoM. After three meetings the GoM finalised an interim report on two terms of reference: correcting inverted duties and reviewing exemptions. The Council considered it at its 47th meeting in Chandigarh.

Read the official report →All GST reports

Key findings and recommendations

  • The interim report covered only correction of inverted duty structures and review of exemptions.
  • Slab mergers and a simpler overall rate structure were left for further discussion.
  • Refund data was used to target the sectors where inverted duties were blocking credit.
  • The same GoM's later work fed into the 2025 two-rate structure.

gstapproval.com is a private firm of GST professionals, not a government body. These are our plain-language summaries of official documents; always rely on the official text linked on each page.

Need help applying this to your business?

Call +91 63677 44602 or WhatsApp us. We handle GST work end to end, without you visiting the department.