The centre and state agreed on Thursday to accept most food items including with rice and milk from the goods and service tax GST, but kept the levy at 18% for manufactured good.
Other household items such as sugar tea coffee and edible oil will extract 5% GST.
The count will text the rate for oval 1200 item under the GST who is the government plants to role out on July 1st.
Hailed as the country's biggest tax Reform since Independence GST will unify Asia's third largest economy into a common market, eliminating strength of Central and state levies.
Narendra Modi government is Keen to ensure a seamless transitions to GST Wiki is expected to show UP state and Federal Tax revenue pull inflation and accelerate economic growth by 1 to 2%. In the medium term.
Revenue secretary Hasmukh adhia said 81% of the items will extract tax of 18% or below.
Only 19% of items will be text at the highest rate of 28%.
The tax on coal has been fixed at 5% as against the current 11.69%.
The finance minister said out of 1211 items rate on all bearing 6 have been decided.
The GST Council will discuss on Friday the rate on services and name it one more time if the tax rate for all items are not decided by then.
Serial have been exempted from GST as opposed to current 5% levy , while hair oil soap toothpaste will extract 18%.
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