https://www.taxtmi.com/circulars?id=65080 The Council adopted a multi band GST rate structure (exempt, 5%, 12%, 18%, 28%; services generally 18%), authorised a five year compensation mechanism funded by a cess on specified items above 28% credited to a public Compensation Fund with a five year sunset and equal residual sharing between Centre and States, instructed an officers' Committee to carry out fitment of goods and to report back, received GSTN implementation and migration updates for phased portal rollout and deferred final decision on cross empowerment for single interface administration pending further political consultations. en-us Fri, 04 Nov 2016 00:00:00 +0530 Wed, 11 Feb 2026 15:59:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65080 The Council adopted a multi band GST rate structure (exempt, 5%, 12%, 18%, 28%; services generally 18%), authorised a five year compensation mechanism funded by a cess on specified items above 28% credited to a public Compensation Fund with a five year sunset and equal residual sharing between Centre and States, instructed an officers' Committee to carry out fitment of goods and to report back, received GSTN implementation and migration updates for phased portal rollout and deferred final decision on cross empowerment for single interface administration pending further political consultations. Circulars GST Fri, 04 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65080