"The GST Council has decided to slash tax slabs of 178 items from 28 per cent to 18 per cent. It will be applicable from 15th of this month," the Finance Minister said while briefing media here after the two-day long meeting.
For two items, tax slab has been lowered from 28 per cent to 12 per cent.
He also said the Council had been looking at the 28 per cent tax slab and constantly rationalising items in it in lesser tax slabs.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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