GST Council Meet Live: Gold At 3%, Beedis At 28%

The Goods and Services Tax council today met for its 15th meeting in New Delhi.

 Finance Minister, Arun Jaitley (Photo: PTI)
Finance Minister, Arun Jaitley (Photo: PTI)
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All Biscuits To Be Taxed At 18 Percent

All biscuits will be taxed at a rate of 18 percent under GST, Jaitley said. Earlier, biscuits under Rs 100 per kilogram were exempt of tax.


Silver And Processed Diamonds Too At 3 Percent

Silver and processed diamonds too will be taxed at 3 percent, like gold, clarified Revenue Secretary Hasmukh Adhia.

Readymade Apparel At 12 Percent

Jaitley said that natural yarn was to be taxed at 5 percent. Man-made textiles would carry a rate of 18 percent, while all fabrics will be charged 5 percent.

Readymade garments would be taxed at 12 percent, with apparel costing below Rs 1,000 being taxed at 5 percent, Jaitley said.


Confident of July 1 Rollout

We are quite confident of sticking to the target date of July 1
Finance Minister Arun Jaitley

Next GST Council Meeting On Sunday, June 11

The GST Council will meet on June 11 for its 16th meeting.