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The GST Council, the policy making physique on goods and services tax (GST), has slashed the goods and services tax prices for the classical (unbranded) Siddha, Ayurveda, Unani and Homoeopathy medicines from the present rate of 12% to 5% in its 22nd council meeting held on last Friday. Just about every taxable particular person shall be assigned a GST compliance rating score based on his record of compliance with the provisions of the GST Act. Chapter IV of the Model Law clearly defines and explains about the time of provide of goods and services.

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