GST Council decides tax rates on 1,211 items, except gold, beedi

Srinagar: The Goods and Services Tax (GST) Council on Thursday finalized the tax rates for a total of 1,211 items, but rates on gold and beedi remained undecided.

It must be mentioned that most of the items have been kept at 18 per cent tax rate.

"There is no increase in taxes of the items considered today. In fact, for many of them, taxes have come down," Finance Minister Arun Jaitley told media after the first day of the GST Council meet.

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After the meeting, Revenue Secretary Hasmukh Adhia said that an overwhelming 81 per cent of the items will be entitled to 18 per cent or below tax.

Only 19 per cent of the total items will be taxed at the highest rate of 28 per cent, he added.