After trimming 28% bracket, here are 5 things GST Council might do today

In the first half of the meeting in Guwahati, the Council decided to trim the 28% bracket to just 50 items, against 227 currently

LATEST NEWS  : The GST Council on Friday decided to keep only 50 items, mostly demerit, sin and luxury goods, in the top 28 per cent tax bracket, Bihar Deputy CM Sushil Modi said.

In the first half of the meeting taking place in Guwahati, the Council decided to trim the 28 per cent slab to just 50 items as against 227 items currently.

ALSO READ: 177 items to become cheaper as GST Council decides to trim 28% slab

The second half will see discussions on easing compliance burden on taxpayers and making the composition scheme more attractive.

Here are the other developments expected from the meeting:

1) Rate cut for AC restaurants: Those in the restaurant business are hoping for a much-needed relief to come their way. (Read more here)

The GST Council meeting is likely to witness deliberations on a number of topics, including rate cuts on A/C restaurants from 18 to 12 per cent.

The Federation of Hotels & Restaurants Association of India on Thursday said the body met with GST Council members, including state finance ministers, to press for rationalisation of tax rates for the industry. (Read more here)

"We have met the GST Council, which was represented by the Union Revenue Secretary Hasmukh Adhia. We have also met a couple of state Finance Ministers separately and put forward our demands," Federation of Hotels & Restaurants Association of India (FHRAI) President Garish Oberoi told Press Trust of India.

The association is seeking reduction of GST to 12 per cent on all categories of restaurants from the differential rates of different segments, he added.

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