81% items to be taxed below 18% rate under GST

The Goods and Services Council today finalised tax rates for 1,211 items with a majority of items being kept at under 18 per cent rates. " GST Council today approved 7 GST rules in a meeting held in Srinagar, while legal committee is looking at remaining 2 GST rules ( return, transition rules)," Finance Minister Arun Jaitley said. Briefing the media after the meeting in Srinagar, Jaitley said, tod…