Finance minister Arun Jaitley during a press conference after the meeting of the Goods and Services Tax (GST) Council, in New Delhi on Saturday. Photo: PTINew Delhi:Federal indirect tax body, the Goods and Services Tax (GST) Council, on Saturday reduced tax rates on 22 items, of which seven were from the highest slab of 28%. He said that the Council had been pruning the highest slab to remove items of interest to the common man. “The 28% slab is moving towards sunset except luxury, sin and items used by the economically stronger section, “ said Jaitley. However, the Council subsequently reduced the number of items in the highest slab substantially.

Source: Mint December 22, 2018 10:42 UTC