FreeCurrencyRates.com

इंडियन आवाज़     17 Dec 2018 08:07:40      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Your email address will not be published.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

SPORTS

Hockey Federation reprimands coach Harendra for his outburst against umpires

Harpal Singh Bedi / Bhubaneswar The International Hockey Federation (FIH) on Sunday officially reprimanded In ...

Australia humiliates England 8-1 to claim Hockey World Cup Bronze

    Harpal Singh Bedi / Bhubaneswar A rampaging Australia pumped out all their pent up frus ...

Hockey: Belgium win maiden World Cup title, Netherlands miss history and cup

    Harpal Singh Bedi / Bhubaneswar Playing to the script, Belgium held their nerves and downed ...

Ad

MARQUEE

Major buildings in India go blue as part of UNICEF’s campaign on World Children’s Day

Our Correspondent / New Delhi Several monuments across India turned blue today Nov 20 – the World Children ...

US school students discuss ways to gun control

             Students  discuss strategies on legislation, communities, schools, and mental health and ...

CINEMA /TV/ ART

Threat to Dilip Kumar’s Bungalow, Saira Banu Seeks PM’s Help

In January, the Economic Offences Wing of the Mumbai Police had registered a case of cheating against builder ...

Malayalam, Ladakhi films win big at IFFI

By Utpal Borpujari / Panaji (Goa) Indian cinema scored big at the 49th International Film Festival of India ( ...

Ad

@Powered By: Logicsart