June 25, 2026 12:44 am (IST)
Follow us:
Arun Jaitley chairs GST Council meeting, GST rates for goods and GST Compensation Cess approved
New Delhi, May 19 (IBNS): The 14th Goods and Services Tax (GST) Council Meeting, chaired by Union Minister of Finance Arun Jaitley was held at Srinagar, Jammu and Kashmir on Thursday where GST rates for goods and GST Compensation Cess were approved.
The fitment of rates of goods were discussed during the Council meeting.
"The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods," read a government statement.
The Council has also broadly approved the rates of GST Compensation Cess to be levied on certain goods.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Adani stocks soar! Investors rush in after Gautam Adani unveils massive Rs 2 lakh crore expansion plan
Wed, Jun 24 2026
Adani's biggest energy gamble yet! Rs 2 lakh crore push, 45 GW target and nuclear ambitions unveiled
Wed, Jun 24 2026
Vedanta shares crash 6%! Promoter's Rs 1,890 crore stake sale plan spooks investors
Tue, Jun 23 2026
Tech giant Oracle slashes 21,000 jobs while betting big on AI
Tue, Jun 23 2026
Renault India begins global exports of the new Duster
Mon, Jun 22 2026