GST Council meet Live Updates: Tax relief for hotels; caffeinated drinks get costlier

After bringing cheer to India Inc with reduction of corporate tax, Finance Minister Nirmala Sitharaman today is chairing the GST Council meeting in Goa. The meeting falls at a time when both direct tax and GST revenues have been below par. Expectations are high as several sectors are demanding rate cuts in the face of an ongoing economic slowdown. Apart from rate rationalisation, the all-powerful…