GST Council fits close to 500 services under four slabs

The slabs are 5%, 12%, 18% & 28%; rates of bidis, gold, textile, footwear to be taken up June 3

FM Arun Jaitley at the 14th GST Council meeting in Srinagar

The two-day summit to finalise the goods and services tax (GST) concluded in Srinagar on Friday with most of the job done, but leaving a lot unfinished. The rates of six categories of products, including bidis, gold, agriculture implements, textile, footwear and bio-diesel, will now be taken up at another round of meeting on June 3 in New Delhi. While the GST Council, chaired by Union Finance Minister Arun Jaitley, brainstormed on thousands of items ranging from consumer goods to luxury cars, steel and coal to betting and gambling, in a plush hotel against the backdrop of Dal Lake, ...