GST rates of over 370 items reviewed in last 18 months

Eighteen months after the rollout of the goods and services tax, the government had to revise rates and exempt or issue clarifications on close to 400 of the 1,216 items under the new indirect tax levy. The reduction in rates of 23 items by the GST Council in its meeting on December 22 has been preceded by at least four rounds of rate reviews on July 21 and January 18 this year, and November 10 an…