23rd GST Council Meeting: Big tax cut from 28% slab likely , daily use items may get cheaper

0
196
23rd GST Council Meeting Big tax Reform
23rd GST Council Meeting Big tax Reform
Read Later -

23rd GST Council Meeting Big tax Reform

Subscribe to our Hindi TRN

New Delhi , Nov 10: The Goods and Services Tax (GST) Council likely to cut tax rate from the highest slab of 28% and slash rates for daily use items as it meets in Guwahati on Friday.

Our Page

The 23rd meeting of the Council may also offer more relief to small and medium enterprises (SMEs) in terms of compliance burden.

23rd GST Council Meeting Big tax Reform

Finance Minister Arun Jaitley on Tuesday hinted about that the panel could bring down the tax rate on various goods including on many items of daily use at its next meeting.

Read More⇛  Sensex, Nifty slip; Axis Bank tumbles

The panel chaired by Assam Finance Minister Himanta Biswa Sarma had recommended two key changes and the first was lowering tax rates for eating out and second, tax rate distinction between AC and non-AC restaurants.

Share this story with your friends, the truth needs to be told.

You could follow TR News posts either via our Facebook page or by following us on Twitter or by subscribing to our E-mail updates.