Saturday, October 7, 2017

GST council meet: Here's what got cheaper and other major announcements

The GST council today announced major cuts in taxes of various items and announced various measures to support exporters and small businesses, three months after the new taxation system was launched. 

"It's almost three months since GST roll out..returns have been filed for first two months as well. So it was a time to deliberate on its effect on various trades and the transition," Finance Minister Arun Jaitley said in a press briefing after the meeting of GST Council.