GST Council meeting is held in New Delhi on December 22 i.e on Saturday. GST) Council on Saturday has cut down rates of 33 items from 18% to 12% and 5%. It is a big relief to some of the consumers. Earlier, the Prime Minister Narendra Modi had said his government is planning to bring 99 percent of items below the 18% GST slab and also said that more items would be brought down to 18% or less rate only if there was enough revenue buoyancy. Watch the video for more insight.