The GST Council on Thursday discussed the tax rates for 1,211 items with a majority of items being kept under 18%. Foodgrains will be cheaper from July 1 when the GST rolls out. Whereas, essential products like milk and cereals have been given an exemption, while sugar and edible oil will attract 5% tax. Revenue Secretary Hasmukh Adhia said that only 19% of items will be taxed at the highest rate of 28%.
By Sri Ram | May 19, 2017 1:37 PM #GST
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