December 19, 2025 04:12 pm (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
IPO fireworks! ICICI Prudential AMC pops 20% on market debut
Fri, Dec 19 2025
Bharti Airtel announces top leadership changes; Gopal Vittal to become Executive Vice Chairman
Thu, Dec 18 2025
TCS bets big on AI, shares spike as company reveals ambitious plan
Thu, Dec 18 2025
Meesho’s wild ride: Hits record market cap, then suddenly slides
Thu, Dec 18 2025
SBI rolls out YONO 2.0! Banking gets a major digital upgrade
Wed, Dec 17 2025
Nephrocare IPO pops on debut, dialysis major lists at 7% premium
Wed, Dec 17 2025
Rupee hits new lifetime low, but top economist says ‘don’t panic’
Wed, Dec 17 2025