New Delhi, May 23 -- The Goods and Services Tax (GST) Council will review proposals for tax rate rejig at its next meeting to be held within a couple of months to see how best to simplify the indirect tax regime and to support consumption demand, a person informed about Centre-state discussions said.

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The central government also expects the projected 'above normal monsoon' this year to augur well for the rural economy and consumption demand, the person cited earlier said on the condition of anonymity. Any tax relief on GST could help in boosting demand for goods and services in the economy, complementing the boost from plentiful rains and the income tax rel...