New Delhi: The Goods and Services Tax (GST) Council on Thursday decided to slash rates on 29 items, mainly handicrafts, to zero per cent, according to Uttarakhand Finance Minister Prakash Pant.
He also said no decision has been taken on simplification of GST return filing.”After 10 days, another meeting will be held through video-conferencing. The issue will be discussed then,” Pant said coming out of the ongoing 25th GST Council meeting here. He said rates of 49 other items have been rationalised.
Finance Minister Arun Jaitley today held pre-Budget consultations with his state counterparts during which they offered suggestions on various fiscal policy and budgetary measures.
This is part of the customary pre-Budget consultation which the Union Finance Minister holds with his state peers. The meeting was attended by the chief ministers of Himachal Pradesh and Puducherry, the deputy chief ministers of Bihar, Delhi, Gujarat, Manipur and Tamil Nadu, 14 finance ministers/ministers representing their states, among others.