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Insulin, cashews, pickles to get cheaper: GST Council reduces rates of 66 products

Telecom rates unchanged; meeting on June 18 to discuss residual issues

test_demonitisation Withtwoweekstogoforthe goodsandservicestax (GST)roll-out,the GST CouncilonSundayreducedtheratesfor66itemsandexpandedthescopeofthecompositionschemeforthebenefitofsmalltraders,manufacturers,andrestaurateurs.Thecompositionschemeisapresumptivetaxationschemeallowingsmalltraders,manufacturersandrestaurantstopaya1-5percent GST rateonsaleswithouttaxcredits. Insulin,pickles,printers, agarbattis,schoolbags,andcashewnutsareamongthe66.Thosewereamong ...