GST Council may restructure tax officers' committees

The GST Council is considering a restructuring of its tax officers' committees to streamline operations as the indirect tax system matures. The proposal involves reducing the current committee structure into three consolidated bodies, including a standing committee.

The restructuring is designed to enhance political ownership and transparency in handling proposals from the trade and industry sectors. After nine years of implementation, India's indirect tax regime has shown signs of stability with settled tax rates across most sectors.