November 23, 2024 02:31 (IST)
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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.
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