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Shares of Hindustan Unilever rose over 1 percent on the Bombay Stock Exchange (BSE) after the GST Council finalized tax rates for bulk of the items except 6 categories. Items such as cereals, which were taxed earlier at 5 per cent, will now be zero-rated. Coffee, sugar, tea and edible oil will attract a lower GST rate of 5 per cent.
Capital goods, a key asset for the manufacturing sector, will be taxed at 28 per cent. Several daily-use items such as hair oil, toothpaste and soap have been kept in the 18 per cent - slab instead of at 28 per cent.
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