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.
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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