The 14th Goods and Services Tax (GST) Council
Meeting, chaired by the Union Minister of Finance Shri Arun Jaitley, was
held at Srinagar, Jammu and Kashmir yesterday. The fitment of rates of
goods were discussed during the Council meeting. The Council has broadly
approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be
levied on certain goods.
Council has also broadly approved the rates of GST Compensation Cess to
be levied on certain goods.