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swathi25
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[h=1]GST rate cut on 178 items applicable from 15[SUP]th[/SUP] November from 28% to 18% or even less.[/h][h=1][/h][h=1]GST rates cut: Washing machines to sanitary napkins, what gets cheaper[/h][h=2]The Goods and Services Tax (GST) Council on Saturday cut tax rates on a long list of items ranging from air conditioners and refrigerators to batteries used in mobile phones, delivering a big boost to the consumer economy.[/h]
[FONT="]The move to cut tax rates on items of mass consumption comes ahead of the next round of assembly elections in the states of Rajasthan, Madhya Pradesh and Chhattisgarh towards the end of the year and national polls in 2019.(Pradeep Gaur/ Mint File Photo)
[/FONT]The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small screen TV, while the widely demanded sanitary napkins have been exempted from the levy.
The highest tax bracket of 28 per cent has been rationalised further with rates on daily-use items like perfumes, cosmetics, toiletries, hair dryers, shavers, mixer grinder, vacuum cleaners, lithium ion batteries, being lowered to 18 per cent. The revised tax rates will come into effect from July 27.
A look at the items that got cheaper.
GST on commodities slashed to 0%:
Sanitary Napkins
Supply of services by old-age homes
GST on commodities slashed from 28% to 18%:
Refrigerators
Water Heaters
Washing Machines, etc
Read more at: https://www.hindustantimes.com/busi...got-cheaper/story-Sj27IL5qJ317kXbuyO2fNK.html
[FONT="]The move to cut tax rates on items of mass consumption comes ahead of the next round of assembly elections in the states of Rajasthan, Madhya Pradesh and Chhattisgarh towards the end of the year and national polls in 2019.(Pradeep Gaur/ Mint File Photo)
[/FONT]The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small screen TV, while the widely demanded sanitary napkins have been exempted from the levy.
The highest tax bracket of 28 per cent has been rationalised further with rates on daily-use items like perfumes, cosmetics, toiletries, hair dryers, shavers, mixer grinder, vacuum cleaners, lithium ion batteries, being lowered to 18 per cent. The revised tax rates will come into effect from July 27.
A look at the items that got cheaper.
GST on commodities slashed to 0%:
Sanitary Napkins
Supply of services by old-age homes
GST on commodities slashed from 28% to 18%:
Refrigerators
Water Heaters
Washing Machines, etc
Read more at: https://www.hindustantimes.com/busi...got-cheaper/story-Sj27IL5qJ317kXbuyO2fNK.html