GST: Impact on key sectors

The two-day brainstorming session of the GST Council completed its task more or less on May 18 and 19 at Srinagar, with the announcement of the Goods and Services Tax (GST) rates on 1,200 goods and 500 services. The Council has arrived at 18% tax rate as a standard rate on majority of the goods and services. However, there are still some politically sensitive items like bidis, gold, textiles, foot…