Finance Minister Arun Jaitley on Saturday chaired the 15th meeting of the GST Council which has decided tax rates on essential items such as gold, textiles, packaged food, Bidis, Solar panels, Biscuits and footwear among others. The Goods and Services Tax (GST) Council cleared the pending rules (Transition provisions and Returns) for the rollout of the new indirect tax regime from July 1. All states have agreed to the July 1 rollout timeline except West Bengal. Continue reading
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