Finance minister Arun Jaitley said on Tuesday that some of the items on the highest GST slab of 28% should really not have been in that slab. Photo: PTINew Delhi: The Goods and Services Tax (GST) Council is set to further amend tax rules to fix glitches in the new indirect tax system and make it easier for businesses and traders to settle into it. Finance minister Arun Jaitley said on Tuesday that some of the items on the highest GST slab of 28% should really not have been in that slab. “In each of the last three-four meetings (of the Council), about 20-30 items were brought down from the 28% slab to the 18% slab. Experts said the forthcoming GST Council meeting will be important as businesses expect rate reductions on several products and simplification of several processes.

Source: Mint November 08, 2017 05:48 UTC