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of <h1>GST Council Sets New Tax Rates for Goods: Nil, 5%, 12%, 18%, 28% with Compensation Cess for Some Items.</h1> The 14th Goods and Services Tax (GST) Council meeting, led by the Union Finance Minister, took place in Srinagar, Jammu and Kashmir. The Council approved GST rates for goods at varying percentages: nil, 5%, 12%, 18%, and 28%. Additionally, GST Compensation Cess rates were approved for certain goods. These decisions have been published on the Central Board of Excise and Customs website. The approved rates are subject to further review, and adjustments may be made.
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