GST Council to Meet this Week for Discussion

The GST Council may consider bringing down tax rates on high quality furniture, plastic items and daily use items, and simplify return filling rules in its meeting this week.

The Council, headed by Finance Minister Arun Jaitley, is booked to meet on 10th November to consider bringing down of the 28 percent GST rate on certain basic utilize things, government authorities said.

The Council has been meeting each month since the GST administration, which amalgamated over twelve focal and state charges, was presented on 1 July.

“A rationalisation of items in the 28 percent tax bracket is expected. Most of the daily use items could be lowered to 18 percent. Also tax rate on items like furniture, electric switches, plastic pipes could be relooked,” an official said.

 

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