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.
- Oldest First
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 1Finance Minister Arun Jaitley
Next GST Council Meeting On Sunday, June 11
The GST Council will meet on June 11 for its 16th meeting.