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GST Council cut tax rates on 88 items
July 26 , 2018
2341 days
1050
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- The sanitary napkins (12% tax at present) and fortified milk (which was taxed at 18%) have been exempted from the levy.
- 28% tax slab are shifted to the lower 18% slab - washing machines, refrigerators, up to 25-inch televisions, vacuum cleaners, perfumes, food grinders, mixers, water cooler, Lithium ion batteries, and paints.
- Common-use foot wares Rs 1,000 to be taxed at 5%.
- Ethanol oil for oil companies to be taxed at 5 % in place of 18 % earlier.
- GST (Goods and Services Tax) on handbags and handmade lamps has been reduced to 12%.
- The new GST rates would come into effect from July 27.
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