The GST Council, headed by finance minister Arun Jaitley, has already rationalised tax rates for over 100 items. The GST Council, headed by finance minister Arun Jaitley, is scheduled to meet on 10 November to consider lowering of the 28% GST rate on certain common use items, government officials said. The GST Council has been meeting every month since the GST rollout on 1 July. There is a need for rationalization of tax rates on these items, officials said. The GST council, which comprises of representatives of all states, have already rationalised tax rates for over 100 items.

Source: Mint November 05, 2017 07:52 UTC