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GST Council to fix rates for gold today

The Council may also look to revise downward tax rates on some essential items which were fixed in the last meeting.

New Delhi: The 15th meeting of the GST Council has been called on Saturday to sort out the pending issues, including tax rates for gold, biscuits and a few other commodities.

The Council may also look to revise downward tax rates on some essential items which were fixed in the last meeting. After GST Council fixed rates on goods and services, Centre and states have been getting various representations on the new tax rates.

For example, Yoga guru and Patanjali founder Baba Ramdev has opposed increasing tax under GST on Ghee from current 5 per cent to 12 per cent and on Ayurvedic products from 5 per cent to 12 per cent.

( Source : Deccan Chronicle. )
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