The Goods and Services Tax (GST) Council meet in New Delhi on Saturday. Finance Minister Piyush Goyal will chair the 28th meeting of the Council. Sources said the Council may consider a reduction in tax rates on the host of items with low revenue implications as part of the tax rationalization exercise. The items which could be considered for cutting of tax rates might include sanitary napkins, handicrafts and handloom goods. The Council will take up the issue of rationalisation of taxes in view of demand raised by stakeholders.