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News digest: GST Council slashes rates, Huawei's 5G business, and more

The Council pruned the list of items under the peak 28% slab by removing six goods, leaving only 28 now

Arun Jaitley
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Arun Jaitley

BS Web Team New Delhi
Xmas gift for middle class

The Goods and Services Tax (GST) Council on Saturday cut tax rates on 17 goods and six services, ranging from cinema tickets, televisions, digital cameras and Jan Dhan accounts to frozen vegetables, a move that will cost the Union and state governments about Rs 55 billion in one year and Rs 13.75 billion in the remaining three months of the current financial year. Read more
 

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