GST Council lowers tax rates of 66 items
Finance Minister Arun Jaitley on Sunday announced that the GST Council has decided to reduce tax levels of 66 items. The council has lowered tax rates on insulin from 12% to 5%, packaged food including some fruits and vegetables from 18% to 12%, and agarbatti from 12% to 5%. Additionally, tax rate on computer printers has been lowered to 18%.