GST Videos

GST Council Meeting: Tax Rate Structure in GST

 

The Video details about the tax structure in GST as decided by the GST Council in its Last Meeting. How does the Tax Structure in GST attempts to control Inflation with lower tax rate in goods of mass consumption and food grains and how the loss in tax revenue due to lower tax rate of mass consumption items is sought be set off with higher tax rate on Luxury Goods. Further, there is an additional provision for levy of cess on luxury goods, aerated drinks and tobacco to generate revenue to set off the losses to suffered by the States from Implementation of GST.

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