April 27, 2026 05:32 am (IST)
Follow us:
Arun Jaitley chairs GST Council meeting, GST rates for goods and GST Compensation Cess approved
New Delhi, May 19 (IBNS): The 14th Goods and Services Tax (GST) Council Meeting, chaired by Union Minister of Finance Arun Jaitley was held at Srinagar, Jammu and Kashmir on Thursday where GST rates for goods and GST Compensation Cess were approved.
The fitment of rates of goods were discussed during the Council meeting.
"The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods," read a government statement.
The Council has also broadly approved the rates of GST Compensation Cess to be levied on certain goods.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Agra’s leather industry gets a global push as India-New Zealand FTA nears historic signing
Sun, Apr 26 2026
Big boost for Mumbai drivers! Piyush Goyal launches Bharat Taxi mega onboarding drive
Sat, Apr 25 2026
Microsoft stuns workforce with first-ever voluntary buyout plan for 7 pct of U.S. employees: Reports
Sat, Apr 25 2026