The GST Council on Wednesday approved a two-tier rate structure of 5 per cent and 18 per cent, which will be implemented from September 22.
Bihar Deputy Chief Minister Samrat Choudhary, who holds the finance portfolio, said that all states were on board for the rate rationalisation, and it was a consensus-based decision.Prime Minister Narendra Modi said that wide-ranging reforms approved by the GST Council will improve lives of citizens and ensure ease of doing business for all, especially small traders and businesses.