More rate cuts likely at GST Council meet

A dip in revenues notwithstanding, the GST Council may decide to cut rates on more items this week to keep the consumption story going which typically slows in an election year despite a rise in government spending. The 30th meeting of the GST Council will be held on Friday, September 28. Finance Minister Arun Jaitley, who will chair the meeting through video-conferencing, is expected to announce…