GST Council likely to cut rates on handlooms, sanitary napkins on Saturday

The  Goods and  Services Tax Council is likely to reduce the rates on a handful of products at its next meeting this Saturday. That on sanitary napkins is likely to be cut from the present 12 per cent to five per cent. Lower rates are also possible on handicrafts, handlooms and e-books, among others. “The rationalisation of rates will be taken up for smaller item…