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The 14th Goods and Services Tax (GST) Council meeting approves GST rates for goods and GST Compensation Cess

Capital Market 

The 14th Goods and Services (GST) Council Meeting, chaired by the Union Minister of Finance Shri Arun Jaitley, was held at Srinagar, Jammu and Kashmir yesterday. The fitment of rates of goods were discussed during the Council meeting.

The Council has broadly approved the rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The Council has also broadly approved the rates of Compensation Cess to be levied on certain goods.

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First Published: Fri, May 19 2017. 12:48 IST