GST rate on 178 items which are used daily, reduced from 28 percent tax to 18 percent or less

Posted on:11 Nov 2017 11:31:12
GST rate on 178 items which are used daily, reduced from 28 percent tax to 18 percent or less
11 November 2017 Current Affairs: At the 23rd GST council meeting in Guwahati, the GST Council decided to drop 178 items used by common man and middle class from the highest tax slab of 28% to 18% or less.

Detergents, chocolates, beauty products, marble, flooring, toiletries have been moved from 28% to 18%.

Armoured fighting vehicles along with one more item have been shifted from 28% to 12%.

Thirteen items have been moved from 18% to 12%.

Six items have been shifted from 18% to 5%.

Eight items from 12% to 8% and 6 items 5% to nil.

The new rates will be applicable from November 15, 2017.

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