GST Council headed by Finance Minister Arun Jaitley has fixed the rates of tax on 1,200 goods and 500 services in the last three weeks. The Council has kept all the services and items in the tax slab of 5, 12, 18 and 28%. After meeting GST Council on this Sunday, Arun Jaitley had said that most of the issues have been discussed between the Center and the states. On being asked that small businessmen say that they are not technically ready for this arrangement, they said that some people can say that they are not ready. But this is not an option and will have to prepare for it. You have to show commitment for this.
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