GST Council meet: Here's what will become cheaper for you - News Summed Up

GST Council meet: Here's what will become cheaper for you


However, the GST Council in its meeting on Saturday decided to take out 6 items from this list. * 28 items have been kept in 28 per cent slabs, which are mainly luxury and sin products. * GST for cinema tickets less than Rs 100 reduced from 18% to 12%, for tickets above than Rs 100, GST reduced from 28% to 18%. * The council rationalised the 28 per cent slab by bringing down the tax rate on seven items in the highest tax bracket, thereby leaving only 28 items in the slab. * Power bank of Lithium ion batteries, video games, small sport related items, accessories for carriages for disabled removed from 28% slab.


Source: Economic Times December 22, 2018 10:47 UTC



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