GST rates reduced on 29 items, 53 services; decision on simplifying filing pending

GST council- the apex decision making body on Goods and Services Tax (GST) - on Thursday revised rates on 29 items and 53 categories of services, finance minister Arun Jaitley said after the council's 24th meeting held in Delhi. The meeting held special significance as key decisions were expected to come out ahead of the Union Budget, to be presented on February 1. The new rates will be applicable…