In its biggest revamp of the GST structure, the Goods and Services Tax (GST) Council on Friday decided to lower the tax rates for 177 items from 20 per cent to 18 per cent. From chewing gum to shampoos, most of these items are those of common use.
Additionally, in a piece of good news for restaurant goers, all AC and non-AC restaurants are now going to charge GST at 5 per cent, unlike the earlier structure of different rates. "As restaurants do not get the benefit of input tax credits, ITC will be withdrawn from restaurants," Finance Minister Arun