๐Ÿ’ŽUpdate on the GST rates:๐Ÿ”ธ๐Ÿ”น⤵

1. GST council in its meeting today has agreed on the rate
structure.

2. A four tier rate structure of 5%, 12%, 18% & 28% has
been approved by the Council.

3. A Zero rated category will be created as well. A number of items including food grains will fall within this.

4. 5% duty to be levied on items of mass consumption.

5. Tax rate on gold is to be decided later.

6. Additional cess on top of 28% tax rate to be levied on
pan

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