GST Council Meet, Sept. 3 -- The GST Council led by Finance Minister Nirmala Sitharaman on Wednesday decided to bring footwear and apparel priced till Rs.2,500 under the 5 per cent GST slab, according to a report.
As per the report by news agency PTI quoting sources, the decision was taken during the 56th GST Council meet, which is currently underway. The 56th GST Council meet will conclude on September 4, after having begun today.
At present, apparel and footwear up to Rs.1,000 are placed under the 5 per cent GST slab. With the new GST reform, goods costing up to Rs.2,500 will enter the slab, making them affordable.
The 56th GST Council meeting is being Union Finance Minister Nirmala Sitharaman and attended by state counterparts.
The...
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