GST Council Reduces Tax Rates on Certain Items

The GST Council has reduced tax rates on certain items, including food and beverages. The new tax rates are effective immediately and will provide relief to consumers. The reduced tax rates will also help to boost sales and revenue for businesses. The GST Council has reduced the tax rate on food and beverages from 18% to 12%, and on certain other items from 28% to 18%. The move is expected to have a positive impact on the economy and will help to increase consumer spending. The reduced tax rates will also help to reduce the burden on small and medium-sized businesses.