The GST Council on Friday decided to reduce tax rate on a wide range of daily use items to 18 per cent from current 28 per cent. After the GST council meet in Guwahati, Finance Minister Arun Jaitley said that the Council has decided to cut tax rate for restaurants to 5 percent. The new tax rate would be applicable to both AC and non-AC restaurants, except those in five-star hotels. Out of 228 items in the 28% tax bracket, 178 have been put into the lower tax category of 18%, Finance Minister Arun Jaitley announced at a press briefing after the GST Council meet in Guwahati on Friday. The changes will be applicable from 15 (November). All restaurants in the country to be levied GST of 5%, no ITC benefit to any restaurant. The GST Council also decided to give a simplified GSTR-3B form for those businesses which have nil tax liability or have no transactions to file in invoice.