While making the biggest change in the determination of GST till now, the GST Council has reduced rates of tax on nearly 200 products from chewing gum to chocolates, cosmetics, wigs to hand watches. After the meeting of the GST Council, Finance Minister Arun Jaitley said that it has decided to reduce the tax rate on 178 items of common usage from 28 per cent to 18 per cent of the existing. The food in the restaurant is cheap now The council has decided to rate tax on all types of restaurants from AC to non-AC at five percent. So far, the non-AC restaurant had GST at 12 percent rate of food bill. At the AC restaurant, the GST rate was 18 percent. For star hotels that have a daily room rate of Rs 7,500 or more, 18 percent GST will be levied on them. But the facility of ITC will be available. At the same hotel where one day's room rent will be less than Rs. 7,500, it will be GST at the rate of 5 percent. However, they will not get the facility of ITC. The GST Council has reduced the number of items in the highest tax rate slab of 28 percent to just 50, which was 228 in the first. Now only 28 percent tax slabs are left with only luxury and harmful things. Items of everyday use have been put in the tax slab of 18 percent. The rate of GST has been reduced from 5 to Guar Mile, Hap Cone, some dry vegetables, unleashed coconut and fish and reduced from 5 to zero. The rate of GST on pulverized rice chikki, potato flour, chutney powder and fly sulfur has been reduced from 18 to 6 percent. The rate of tax on idli dosa batter, finished leather, coward, fishing net, old clothes and dry coconut has been reduced from 12 to 5 percent. GST on these items from 28 to 18% Chewing gum, Chocolate, Coffee, Custard Powder, Marble and granite, Dental Hygiene Products, Polish and cream, Sanitaryware, Leather clothes, Artificial fur, Wig, The cooker, Stove, Shaving kits, Shampoo, Deodorrent, Laundry detergent powder, Cutlery, Storage water heater, Batteries, Goggles, Hand watch, Mattress, The wire, Cables, Furniture, Trunk, Suitcase, Hair cream, Hair color, Makeup accessories, Fan, Lamps, Rubber tube, Microscope These things reduced from 18 to 12 percent Condensed milk, Refined Sugar, Pasta curry paste, Diabetic FoodMedical Grade Oxygen, Printing Ink, Hand band, Hat, Glasses frame, Bamboo-Ken Furniture, These things are still 28 per cent GST (most expensive), Pan masala, Aerated water, Beverages, Cigars and cigarettes, Tobacco products, Cement, Paint, Perfume, AC, Dish washing machine, Washing machine, Refrigerators, Vacuum cleaner, Car and bike, Aeroplane, Yacht Writer Name: Date :11-11-2017Comments :1Visitor :1629
While making the biggest change in the determination of GST till now, the GST Council has reduced rates of tax on nearly 200 products from chewing gum to chocolates, cosmetics, wigs to hand watches. After the meeting of the GST Council, Finance Minister Arun Jaitley said that it has decided to reduce the tax rate on 178 items of common usage from 28 per cent to 18 per cent of the existing.
The food in the restaurant is cheap now
The council has decided to rate tax on all types of restaurants from AC to non-AC at five percent. So far, the non-AC restaurant had GST at 12 percent rate of food bill. At the AC restaurant, the GST rate was 18 percent. For star hotels that have a daily room rate of Rs 7,500 or more, 18 percent GST will be levied on them. But the facility of ITC will be available. At the same hotel where one day's room rent will be less than Rs. 7,500, it will be GST at the rate of 5 percent. However, they will not get the facility of ITC.
The GST Council has reduced the number of items in the highest tax rate slab of 28 percent to just 50, which was 228 in the first. Now only 28 percent tax slabs are left with only luxury and harmful things. Items of everyday use have been put in the tax slab of 18 percent.
The rate of GST has been reduced from 5 to Guar Mile, Hap Cone, some dry vegetables, unleashed coconut and fish and reduced from 5 to zero.
The rate of GST on pulverized rice chikki, potato flour, chutney powder and fly sulfur has been reduced from 18 to 6 percent.
The rate of tax on idli dosa batter, finished leather, coward, fishing net, old clothes and dry coconut has been reduced from 12 to 5 percent.
Chewing gum, Chocolate, Coffee, Custard Powder, Marble and granite, Dental Hygiene Products, Polish and cream, Sanitaryware, Leather clothes, Artificial fur, Wig, The cooker, Stove, Shaving kits, Shampoo, Deodorrent, Laundry detergent powder, Cutlery, Storage water heater, Batteries, Goggles, Hand watch, Mattress, The wire, Cables, Furniture, Trunk, Suitcase, Hair cream, Hair color, Makeup accessories, Fan, Lamps, Rubber tube, Microscope
Condensed milk, Refined Sugar, Pasta curry paste, Diabetic FoodMedical Grade Oxygen, Printing Ink, Hand band, Hat, Glasses frame, Bamboo-Ken Furniture, These things are still 28 per cent GST (most expensive), Pan masala, Aerated water, Beverages, Cigars and cigarettes, Tobacco products, Cement, Paint, Perfume, AC, Dish washing machine, Washing machine, Refrigerators, Vacuum cleaner, Car and bike, Aeroplane, Yacht
