GST council meeting: Caffeinated drinks gets costlier, Tax relief for hotels
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Hours after bringing cheer to India Inc with reduction of corporate tax, FM Sitharaman addresses the press after 37th GST Council meet and said that Caffeinated drinks will attract 28% with an additional cess of 12% while tax rates imposed on hotel tariffs above Rs 7,500 reduced to 18% from 28%. GST on railway wagons increased to 12% from 5%. However, a uniform rate of 12% proposed for woven and non-woven polyethylene bags.