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GST council cut prices


Kiran

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exemption of levy on sanitary napkins


The products exempted from GST include deities made of stone, marble or wood, ‘rakhis’ without precious stones and sal leaves.

In major relief to middle-class consumers, the council reduced the tax on lithium ion batteries, vacuum cleaners, food grinders, mixers, storage water heaters, hair dryers, paint, varnishes, water coolers, perfumes, toilet sprays and cosmetics to 18 per cent from the 28 per cent slab.

While the GST on footwear up to Rs 1,000 was reduced by 5 per cent, that on handbags, jewellery boxes, art ware of glass and ornamental framed mirrors was lowered to 12 per cent. Tax rate on ethanol has been slashed to 5 per cent from 18 per cent at present.

Announcing that the new tax rates would be applicable from July 27, Goyal said traders with turnover up to Rs 5 crore will deposit the tax monthly but file returns just once a quarter.

 

https://www.news18.com/news/india/gst-council-will-also-focus-on-job-creation-says-piyush-goyal-announces-46-changes-1819389.html?

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12 minutes ago, Suresh_Ongole said:

U ippudu vadu tax cut chesina company vallu taggincharu.  They will enjoy with high profits.  Like restaurants lo earlier 18% vundi apudu andaru rates increase chesaru but later GST reduced to 6% but no one reduced prices.

They are following central govt’s fuel pricing engine model

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