FreeCurrencyRates.com

इंडियन आवाज़     23 Sep 2018 06:08:37      انڈین آواز
Ad

GST rate on mass consumption items cut to 18% from 28%

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley chairing the 22nd GST Council meeting, in New Delhi on October 06, 2017. The Minister of State for Finance, Shri Shiv Pratap Shukla, the Revenue Secretary, Dr. Hasmukh Adhia and the Chief Economic Adviser, Dr. Arvind Subramanian are also seen.
FILE PHOTO

AMN

The GST Council today decided to reduce tax rate on a wide range of mass use items from chewing gums to detergents to 18 per cent from current 28 per cent.

Bihar Deputy Chief Minister Sushil Kumar Modi said this in Guwahati, where the full GST council meeting headed by Union Finance minister Arun Jaitley, is deliberating on to review the impact of the new tax regime.

Sushil Modi that the council pruned the list of items attracting the top 28 per cent tax rate to just 50 from 227 previously. In effect, the council, in its 23rd meet today, cut rates on 177 goods.

The Goods and Services Tax (GST), implemented “from July 1, has five tax slabs of 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent.

Leave a Reply

Your email address will not be published. Required fields are marked *

Ad
Ad
Ad

MARQUEE

Policy for Eco-tourism will provide livelihood to local communities

AMN / NEW DELHI GOVERNMENT OF INDIA has prepared a policy for Eco-tourism in forest and wildlife areas, which ...

Living index: Pune best city to live in, Delhi ranks at 65

The survey was conducted on 111 cities in the country. Chennai has been ranked 14 and while New Delhi stands a ...

Ad

@Powered By: Logicsart