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.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 August

21 AUGUST
NEWS
20 AUGUST
NEWS
19 AUGUST
NEWS
18 AUGUST
NEWS

Current Affairs 2018 July

31 JULY
NEWS
30 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS

Current Affairs 2018 June

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS