Ahead of the Goods and Services Tax (GST) Council meeting in Srinagar from Thursday, the Centre and states seem to have arrived at a consensus on the rates for at least 6,000 items. The fitment of contentious items such as soaps, cosmetics, coconut oil, and cars would be finalized in a meeting of the state and central officials on Monday and Wednesday. “The committee has looked into each and every product and their excise and VAT (value-added tax) rates across the country. Rates have been finalized for 70-75 percent of the total items.
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