Centre releases GST Rate Schedule of 'Goods', Compensation Cess rates for different supplies

Centre releases GST Rate Schedule of Goods as well as GST Compensation Cess Rates for different supplies, pursuant to GST Council meeting today; “Rate Schedule” contains 98 chapters categorized into Nil, 5%, 12%, 18% and 28% tax slabs; Rate structure for following items yet to be decided - Biri wrapper leaves (Chapter 14), Biscuits (Chapter 19), Biris (Chapter 24), Textiles (Chapters 50 to 63), Footwear (Chapter 64), Natural or cultured pearls, precious or semi-precious s...