The GST Council clears all rules states decided to implement from July onwards

Posted on:05 Jun 2017 09:12:28
The GST Council clears all rules states decided to implement from July onwards
05 June 2017 Current Affairs:

  • The Goods and Service Tax (GST) Council cleared the pending rules, including transition provisions and returns, with all the States agreeing to the July 1 rollout of the tax.

  • Union Finance Minister Arun Jaitley chaired the 15th meeting of the GST Council, which is scheduled to decide on the tax rate of six items, including gold, textiles, footwear.

  • The GST Council last month fitted over 1,200 goods and 500 services in the tax brackets of 5, 12, 18 and 28 per cent.


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