GST meet on rates

Tax officials of the central and state governments will hold their maiden meeting this week to devise a formula for a tax rate to be levied on services under the goods and services tax (GST) regime from July 1. While the GST Council had previously decided on a four- tier rate structure of 5, 12, 18 and 28 per cent, its fitment committee will hold its first meeting this week on slotting different s…