Gst council set rates

The all powerful GST council on Thursday agreed to give a little more relief to the poor and a little more grip to the reach in the goods and service tax slated to take effect on April 1 next year.
The counseled did not give into the demand that the number of the rates be reduced scenes the ideal GST had just one rate.
The number of Rates remain 4 through the lowest countdown from the earlier proposal of 6% to 5% and the highest goes up from 26% to 28%.
That 2 standards rates of will apply to the back of the items are 12% and 18%.
There will be no tax on the essential items are junk foods this is likely to be down in the sun which has afflicted foods items in particular.
The lowest rate of 5 person is on items of common use and the highest of luxury goods that now a tractor total tax value added tax and excise of 30% to 31%.

I hope the indirect tax out go for the common man will be marginally.
The finance minister Arun Jaitley said in a media briefing after the first day of the GST Council 6 meeting in New Delhi.
The zero tax rate will apply to have food items of the CPI that is consumer price index Muscat including the food grain used by this common man The council with meet again on Friday Dawood go I'll be more those who buy the luxury cars actor drink and the cigarettes or tobacco product.
Doubt demerits goods roseville tax @ 28% and attract a seed that may take a total of 40 person or more 2 there is no confirmation ID of how much cess it will be.

Posted via Blogaway