Goods and Services Tax – GST – By: – Bimal jain – Dated:- 13-11-2017 – Dear Professional Colleague, Good Evening!! The GST Council on Friday, i.e. November 10, 2017, has rationalized the tax rates on various goods and services and reduced compliance burden for SME & other sectors in its 23rd meeting held at Guwahati, amidst the peculiarities going on in the Trade and Industry on various critical provisions of GST Law and Rules made thereunder. With the outcome of decisions taken at GST Council meeting, around 233 items from chocolates, detergents to granite and marble will become cheaper – 177 items moving from 28% to 18%, 2 items from 28% to 12% and around other 54 items also moving to lower tax brackets. Moreover, it is, inter-alia,
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