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New GST rates: From condensed milk to restaurant bills, here is a list of essential items which will get cheaper from today
A number of goods including daily-use products like toiletries and furniture will become cheaper with the revised GST rates for over 200 items coming into effect on Wednesday.
Reduced GST rates on over 210 items, mostly consumer goods products, to come into effect on Wednesday
The GST Council, headed by the finance minister, in its last meeting at Guwahati on November 10 had decided to cut rates on around 200 items.
In the party mouthpiece Saamana, Sena chief Uddhave Thackeray has attacked PM Modi criticising the rollback of GST rates.
Here is a list of 178 daily use items which have become cheaper after the slashing of GST rates from 28 to18 per cent, announced by Finance Minister Arun Jaitley at the GST Council meet yesterday.
As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, both AC and non-AC.
Friday's meeting is likely to witness the largest shake-up in GST rates since its rollout on July 1.
Citing the political tussle in poll-bound Gujarat, Chidambaram claimed that the government was “forced to heed advice of Opposition and experts on flaws in the implementation of GST.”
The GST Council will continue to rationalise rates going forward and the highest tax slab of 28 per cent would be gradually brought down, the Minister of State for Finance said.
Union finance minister Arun Jaitley after chairing the 22nd GST council meet of Friday announced a slew of reforms including change in GST rates of several items.
Deadline for filing of sales return or GSTR-1 for the month of July, the first month of implementation of the new tax regime, has been extended by a month to October 10.
She suggested that any State could forego its share of GST if it wanted to lessen the tax burden.
The Finance ministry came out with a clarification after reports suggested that some unscrupulous elements posing as GST officers have tried to fleece shopkeepers and customers in the name of GST.
The app helps users to find rates of GST levied on various goods and services.
According to Tamil Nadu Hotels’ Association, over two lakh restaurants will be participating in the protest, including 1,500 bakeries, 400 restaurants and 300 small eateries in and around Coimbatore