GST council cut rates: Know what gets cheaper

GST council cut rates: Know what gets cheaper
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NEW DELHI: In a relief for common man, the GST Council on Saturday reduced tax rates on over 50 items including refrigerators, washing macines and small televisions, which would now be taxed at 18 per cent, down from the current 28 per cent.

Apart of bringing down rates, the Goods and Services Tax (GST) Council also exempted GST on sanitary napkins, rakhis, fortified milk and idols of deities made of stone, marble and wood.

The changes would come into effect across the country from July 27 onward, Finance Minister Piyush Goyal told media after the 28th meeting of the GST Council.

Have a look at the items that got cheaper.

GST on commodities slashed to 0%:

Sanitary Napkins

Supply of services by old-age homes

Fortified milk

GST on commodities slashed from 28% to 18%:

Refrigerators

Water Heaters

Washing Machines

Televisions (up to 68 cm) (27 inch) in size

Vacuum Cleaners

Electric iron

Water coolers

Juicer mixer

Grinders

Paints

Hair Shavers

Hair Curlers

Hair Dryers

Scent Sprays

Lithium-ion batteries used in mobile phones and electric vehicles

GST on commodities slashed from 18% to 12%:

Handbags including pouches and purses; jewellery box

Wooden frames for painting, photographs, mirrors etc

Ornamental framed mirrors

Brass Kerosene Pressure Stove

Art ware of iron

GST on commodities at 5%:

Ethanol

Solid biofuel pellets

Handmade carpets and other handmade textile floor coverings (including namda/gabba)

Hand-made braids and ornamental trimming in the piece

During the meeting, the council also made certain amendments to the GST Act including raising the upper limit of turnover for opting for composition scheme from Rs 1 crore to Rs 1.5 crore.

It also approved an amendment which will enable taxpayers to opt for multiple registrations within a state in respect of multiple places of business located within the same state.

IANS inputs