Milk exempted from GST; Sugar, edible oil to attract 5% tax
The GST Council on Thursday discussed the tax rates for 1,211 items with a majority of items being kept under 18%. Foodgrains will get cheaper, milk and cereals will be exempted, while sugar and edible oil will attract 5% tax. Revenue Secretary Hasmukh Adhia said that only 19% of items will be taxed at the highest rate of 28%.