GST rules in place, first list of goods and rates is out

AIMING TO keep most items, especially those of mass consumption, at affordable prices, the states and the Centre evolved a consensus on the first day of the 14th Goods and Services Tax (GST) Council meeting on Thursday to keep 81 per cent of a total of 1,211 items at the modal tax rate of 18 per cent or below. The Council also gave final approval to seven rules pertaining to registration, payment,…