GST Council: Annual turnover of composition scheme will be increased to Rs 2 crore
On November 10, the GST Council cut tax rates of over 175 products that were in the highest tax slab of 28% under the regime. Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.
Union Finance Minister Arun Jaitley addresses a press conference after attending the 23rd GST Council meeting in Guwahati on Nov 10, 2017. Photo: IANS