GST council has decided the rates on which Icra (domestic rating agency) made a statement, the structure is unlikely to fan inflation.
As per the statement, "with the effective tax rate intended to be brought down on most items, as well as a large portion of the CPI basket being kept in the exempted category, there is likely to be a limited impact of the GST on goods inflation"
It added, "On services front, where the standard rate has been kept at 18 per cent"
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