GST Council’s 38th Meeting On Wednesday.

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The GST Council, chaired by Finance Minister Nirmala Sitharaman, is due to meet on Wednesday. Economists, analysts, corporates and market participants will look out for any major announcements on GST rates after the conclusion of the 38th meeting of the top decision-making body of the indirect tax regime.

Ever since the roll-out of the GST or goods and services tax in July 2017, the Council has made a number of changes in the GST law, including tax rates and filing deadlines. The 38th meeting of the GST Council comes at a time when the government is staring at a widening fiscal deficit due to shrinking GST collections.

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