Goods and Services Tax (GST) Council is holding its 31st meeting on Saturday. Photo: PTIThe Goods and Services Tax (GST) Council is holding its 31st meeting on Saturday. From air conditioners to cement, a range of products is likely to become cheaper as the Council is planning to move items to lower tax slabs. The overall focus of the December 22 GST Council meeting will be to lessen the tax GST burden on the common man, an official told PTI. The GST Council is likely to reduce the tax rates on cement and tyres to 18% from 28%, according to PTI.

Source: Mint December 22, 2018 05:58 UTC