Days before Budget 2018, GST Council set to cut rates on 70-80 items; simpler rules and procedures on anvil

The country’s six-month old revamped indirect tax system is set to undergo significant changes, which will include simplification of return filing process, amendment in laws and rules to simplify procedures, along with rate cuts of around 70 goods and services. The Goods and Services Tax (GST) Council—the apex body for decision making headed by finance minister Arun Jaitley—is likely to consider t…