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Recommendations of GST Council will benefit people: PM

Press Trust of India  |  New Delhi 

Prime Minister Modi today said the recommendations made by the Council will further benefit the people and add strength to the regime. Modi also said public participation was at the core of the government's functioning and that all its decisions were "people-friendly and people-centric". "The recommendations made by the Council today will further benefit our citizens and add strength to the These recommendations are in spirit of the continuous feedback we are getting from various stakeholders on GST," he said on Twitter. The prime minister stressed that the was working "tirelessly" for the country's economic integration. In the biggest rejig yet, rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches, were today cut to provide relief to consumers and businesses amid economic slowdown. The Council in Assam's Guwahati earlier in the day. As many as 178 items of daily use were shifted from the top bracket of 28 per cent to 18 per cent, while a uniform 5 per cent was prescribed for all restaurants, both air- conditioned and non-AC, Finance Minister Arun Jaitley said after the Council meeting. Currently, 12 per cent on food bill is levied in non-AC restaurants and 18 per cent in the air-conditioned ones.

All these got input credit, a facility to set off paid on inputs with final The GST, implemented from July 1, has five slabs of 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 10 2017. 22:22 IST