After the 16th GST Council meet concluded today, the rates of 66 items under the upcoming GST regime have been revised.Addressing the media at a press meet after the meeting, Finance Minister Arun Jaitley said that the rates have been revised after getting feedback from industry players.Arun Jaitley said: " After considering the recommendations, the GST Council has reduced the tax level in 66 out of 133 items on which representations were made by the industries. For tickets that cost less than Rs 100, a tax of 18% will be levied. For the tickets costing more than Rs 100, a GST of 28% will be levied.Presently, entertainment tax is levied by individual states. Under GST, there will now be no centralised exemption.Jailtley said:" If states want, through the DBT (Direct Benifit Transfer), the state can refund the GST of regional cinema. "For workers in industries like textile, diamond processing etc, where the workers take the work home, 18% tax that is now being charged will be fixed at 5% because the GST for these sectors have gone down as well.The next meeting for the GST Council will be on June 18th.

Source: Economic Times June 11, 2017 10:05 UTC