Fitment committee rejects demands to reduce GST rate on over 200 items

The Council unlikely to decide on crypto assets in next week's meeting

Ahead of the crucial Goods and Services Tax (GST) Council meeting next week, a committee of officials has proposed a change in GST rate for a host of items, including tetra-packs, even as it rejected demands for a reduction in levy over 200 goods and services to ease the inflationary burden on consumers. 

The all-powerful Council is set to meet on June 28 and June 29, but it is unlikely to decide on taxing virtual digital assets (VDA) or crypto assets in its upcoming meeting and may ask two states -- Haryana and Karnataka -- to study the nature and taxability