GST Council likely to recommend tax cuts on 20-25 products:

Goods and Services Tax (GST) Council is likely to recommend tax cuts on 20-25 products on Friday but will avoid lowering rates for items that will significantly dent revenue collections, two government sources said.

The panel, comprising state finance ministers and the finance minister as the chair, will shortly meet to decide on reducing tax rates to boost growth that has fallen to a six-year low.

The proposed GST tax cuts will have limited impact on government revenue, the sources said.