GST Council to discuss rates on services today, finalise list of exempted items

The GST Council yesterday finalised tax rates for bulk of the items. Foodgrains and common-use products like hair oil, soaps and toothpaste as also electricity will cost less from July 1 when the GST is scheduled to be rolled.

New Delhi: The all-powerful Goods and Services Tax (GST) Council members will meet again meet in Srinagar on Friday take up the exemption of essential services.

GST rates finalised; food grains to be cheaper, 5% tax on sugar, tea, edible oils
Union Finance Minister Arun Jaitley expressed hope to finalise list of exempted items today and will also discuss rate of tax on gold and bidi.

Chaired by Jaitley, this is the first time that such an important national policy-making meet is being held in Jammu and Kashmir.