New Delhi, June 11, 2017: Finance minister Arun Jaitley on Sunday said that GST council reduced tax rates for 66 goods. The tax on several food items was reduced from 18 percent to 12 percent.
Briefing the media after the 16th meeting of the council here, Jaitley said that representations were received for 133 items.
The composition amount was increased to Rs 75 lakh for traders, manufacturers, restaurants.
Read HT link for detailed report:
http://www.hindustantimes.com/business-news/gst-council-lowers-tax-rates-for-66-items-including-insulin-printers-and-pickles/story-pAxYLEJolpKI0oXujy5BPK.html