Business Standard

47th GST Council meet: Here's what became expensive after Tuesday meeting

The GST Council today is expected to take up extending compensation to the state

Nirmala Sitharaman, GST
Premium

Union Finance Minister Nirmala Sitharaman chairs the 47th meeting of Goods and Services Tax (GST) Council, in Chandigarh

BS Web Team New Delhi
In the 47th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, on Tuesday, officials approved hiking the rates for some goods and services while removing exemptions for several mass consumption items to simplify the rate structure. 

The GST Council on Wednesday is expected to take up extending compensation to the states. The council will also impose 28 per cent tax on casinos, online gaming, racing, two members told Business Standard earlier.

Here's what will be more expensive after Tuesday's rate hike:

  • The GST Council agreed to levy 18 per cent

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in