AMN / NEW DELHI
23 goods and services, including movie tickets, TV and monitor screens and power banks become cheaper from today as the reduced Goods and Services Tax (GST) on them came in to effect from today.
The GST Council on December 22 had decided to cut tax rates on 23 goods and services and exempted Music books, preserved vegetables and savings bank accounts under the Jan Dhan Yojana from the Tax.
The goods on which GST has been lowered to 18 per cent from 28 per cent at present include pulleys, transmission shafts and cranks, gear boxes, retreaded or used tyres, power banks of lithium ion batteries, digital cameras, video camera recorders and video game consoles. Third party insurance premium of goods carrying vehicles has been reduced from 18 per cent to 12 per cent. The GST Council has also decided to slash tax rate on parts and accessories for the carriages for disabled persons from 28 per cent to 5 per cent. The other items which will attract GST rate of 5 per cent include marble rubble, natural cork, walking stick, fly ash blocks. Air travel of pilgrims by non-scheduled or charter operations being facilitated by the government under bilateral arrangements will attract GST rate of 5 per cent. GST on movie tickets costing up to 100 rupees has been cut to 12 per cent, from 18 per cent