Union Minister for Finance and Corporate Affairs Arun Jaitley with MoS Santosh Gangwar and Revenue Secretary Hasmukh Adhia during the16th GST Council Meeting at Vigyan Bhawan. Pic/AFP

The Goods and Services Tax (GST) Council at its 16th meeting here on Sunday revised the rates of 66 items out of the 133 for which representations had been received seeking change from the fitments originally made in the four-slab indirect tax structure, Union Finance Minister Arun Jaitley said. Industry hailed the GST Council's latest decisions as beneficial, particularly for small and medium enterprises.