- Tag results for GST rates
Goyal said that in the last one year, the GST Council has reduced rates on 384 items and 68 services.
In his first public speech in two months, the Union Finance Minister said GST has helped in boosting direct tax collections in the April-June quarter of this fiscal.
The Goods and Services Tax Council also rationalised the rates of 49 other items, according to Uttarakhand Finance Minister Prakash Pant.
Sushil Modi, a member of the GST Council, has suggested it that price tags displayed on items be inclusive of all taxes.
GST Council member Sushil Kumar Modi today said he is in favour of letting the tax revenues stabilise before the panel considers merger or further rationalising of slabs.
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.”
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.
She suggested that any State could forego its share of GST if it wanted to lessen the tax burden.