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Under GST, 81% items to be taxed at below 18% rate slabs: Revenue Secretary

GST Council approves 7 rules of GST; Council will discuss gold and beedi rates tomorrow

Arun Jaitley
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Union Finance Minister Arun Jaitley arrives to attend the 14th Goods and Services Tax (GST) Council at SKICC, in Srinagar on Thursday. (Photo: PTI)

BS Web Team
On day one of its crucial meeting in Srinagar, the Goods and Services Tax (GST) Council has decided on rates for all 1,211 items barring six. 81% items to be taxed at below 18% GST rate slabs, said Revenue Secretary Hasmukh Adhi

FM Arun Jaitley said the council approved seven rules of GST and that remaining two rules relating to transition and return are being vetted by a legal committee.

GST Council will tomorrow discuss rates on services and may meet one more time if tax for all items are not decided by then, he further added.

"Hope to finalise list