GST rates schedule for goods – 18 May 2017
Outcome of GST Council Meeting (18th May 2017) at Srinagar
1) GST Council has decided on rates for all 1,211 items except 6 items. And 81%of the total items to be taxed at below 18% GST rate slabs (As Per Revenue Secretary Hasmukh Adhi Ji Statement)
2) GST council approved seven rules of GST and that remaining two rules relating to transition and return are being vetted by a legal committee. ( As Per Arun Jaitley Ji Statement)
3) GST Council will tomorrow discuss rates on services.
4) List of exempted items will also be decided tomorrow
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- Posted on May 19, 2017
- By Deep Patel
- 0 Comments