GST exemption list likely to be kept around 100 items

The Centre and states are expected to keep the exemption list short — about 100 — under the proposed goods and services tax regime, even as the North Block is flooded with requests from industry associations to keep their products out of tax net or in the lowest slab. The Centre currently exempts 299 items while states keep 99 out of the tax net. “Some items will remain exempted,” said a top gover…