Panel considers lower GST on several mass-use items – Times of India
NEW DELHI: The ministerial panel on GST rate rationalisation is weighing lower rates for several mass-use items, including medicines and tractors, to 5%, while leaving the tax on products, such as cement, unchanged.Lower revenue from tractors, which currently face 12% or 28% GST depending on their classification, may partly be compensated by an increase in…