New GST Updates Rate 2017, Tax Rate List , GST Rates in India

The GST Council meeting, which took place between the Union and State Finance Ministry Officials, has come out with a slew of relief measures for the businesses and public in general. In order to provide a big festive cheer here’s came an announcement on jewellery purchases exceeding ₹50,000 won’t require PAN Card. However, the biggest of all is the announcement of reducing the GST rates of 27 products and a few services. The Council headed by Jaitley decided to continue the two pre-GST era schemes, allowing duty-free sourcing of materials for export production till March, 2018.

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