Major cut by GST Council: Items which got cheaper

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Major cut by GST Council: Items which got cheaper
Major cut by GST Council: Items which got cheaper

New Delhi : In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 per cent category while cutting the tax on all restaurants outside starred-hotels to 5 per cent but withdrawing input credit facility for them.

Only 50 products, including luxury and sin items, white goods, cement and paints, automobile, aeroplane and yacht parts have been retained in the top 28 per cent slab.

Here is what got cheaper and other big announcements from the event:

# The new 18% list also include wire and cables, furniture, mattress, trunk, suitcase, detergents, shampoos, hair cream, hair dyes, make up, fans, lamp, rubber tubes and microscope. 

# Chewing gum, chocolates, coffee, custard powder, marble and granite, dental hygiene products, polishes and creams, sanitary ware, leather clothing, artificial fur, wigs, cookers, stoves, after-shave, deodorant, detergent and washing power, razors and blades, cutlery, storage water heater, batteries, goggles, wrist watches and mattress are among the products on which tax rate has been cut from 28 per cent to 18 per cent. 

# Tax on wet grinders and armoured vehicles was cut from 28 per cent to 12 per cent.

# 13 items have been shifted to 12% from 18% GST bracket including condensed mil, refined sugar, pasta curry paste, diabetic food, medicial grade oxygen, printing ink, hand bags, hats, spectacles frame and bamboo/cane furniture. 

# Puffed rice chikki, flour of potatoes, chutney power, fly sulphur recovered in refining crude and fly ash to 5 per cent from 18 per cent.