India's GST Council implements tracking system to curb tax evasion and adjusts tax rates on various goods.

The GST Council in India has approved a 'Track and Trace Mechanism' to reduce tax evasion by marking goods uniquely throughout the supply chain. The council also lowered the GST rate on fortified rice kernel to 5%, exempted gene therapy from GST, and reduced the compensation cess rate to 0.1% for merchant exporters. They also recommended no GST on certain vouchers and updated the definition of 'pre-packed and labelled' goods.

3 months ago
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