"Please don’t indulge in speculation on rate rationalisation as no decision has been taken. GST council appreciates GoM views ...

Currently, ATF is outside the ambit of GST and attracts two tax rates -- an excise duty, which is levied by the central government and a Value Added Tax (VAT) that varies from state to state.

The GST Council lowered the compensation cess rate for merchant exporters to 0.1% and reduced the tax on fortified rice ...

The Council did not agree on bringing Aviation Turbine Fuel (ATF) into the Goods and Services Tax fold, Sitharaman said.