GST Council meeting to be held today





The Council likely to discuss rate revision demand of Handicraft Industry. The Council will also take up certain changes in laws and rules in Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST).

GST Council also likely to discuss issue of branded, Non-branded food items. The council will consider the reduction and exemption of GST on several household items such as brooms, clay idols and saree ‘falls’ besides new guidelines for packaged and branded food products.

The GST Council is likely to keep the overall tax incidence on motor vehicles below 50%, according to the leading news agency.

The Council will also review the impact of GST on prices of goods and consider lowering or scrapping the levy on household items such as rubber bands, computer monitors of up to 20 inches, khadi fabric and garments, apart from those mentioned earlier.

The goods and services tax (GST) Council will meet in Hyderabad on Saturday to consider the nitty-gritty of the cess on large cars and examine demands for relief on branded agricultural produce and a few other items of mass consumption.

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