GST sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties.
GST Council Meeting Today: GST sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties.
The Goods and Services Tax (GST) Council on Saturday removed seven items from the 28 per cent tax bracket. While six items, such as monitors and TVs up to 32 inches, digital cameras and video game consoles, were shifted from the tax slab of 28 per cent to 18 per cent, one - parts and accessories for carriages for people with disabilities - was moved from 28 per cent to 5 per cent, the government said in a statement. The new GST rates will take effect from January 1, 2019, Finance Ministry Arun Jaitley said.
GST sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties.
Reviewed by Master
on
12/22/2018 06:54:00 pm
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Reviewed by Master
on
12/22/2018 06:54:00 pm
Rating:
