GST Council Meeting Live Updates: Tax Relief For Different Sectors
Several decisions have been taken in GST council meeting in order to promote tourism,” Nirmala Sitharaman stated at time announcing rate cuts down on hotel bills. The GST Council meeting on 27 th , Sept announced reduction in tax rates for the hotel industry, taking the entire sector out of the 28% tax rate slab, the highest under the GST regime. The all-powerful panel also announced tax relief on outdoor catering, move down the GST rate for the service to 5% from the earlier 18%. There was no joy for the ailing automobile sector, though, which has been clamoring for a rate cut in face of its worst sales performance in the past two decades. In a meeting chaired by FM Nirmala Sitharaman, the GST Council decided to increase taxes on caffeinated drinks – which includes energy drinks and cold drinks to 28 percent from 18 percent. Govt also introduced an additional 12 percent cess on beverages. During a press meet after the GST Council meet, FM Sitharaman said that the ministerial groups un