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  • Need to curb pollution levels in tier-II cities to prevent them from becoming like Delhi: Transport Minister
  • New policy to boost real estate sector, regularisation of unauthorized colonies by next month: Vinni Mahajan
  • 9 narcotic smugglers arrested; narcotics worth crores, Rs 24'23 lakh in cash seized in J&K
  • NCP to protest against Fadnavis Govt from Dec 1
  • Militants kill more than 230 at mosque in Egypt's North Sinai
  • Sangli custodial death: Kothale family moves HC, demand SIT probe into Aniket's murder
  • After HC order 'S' Durga's cast urges jury to watch film again
  • ‘Team Dangal’ led by Nitesh Tiwari conducts a master class at IFFI 2017
  • Yadadri temple will be wonderful monument soon: CM
  • CM Vijayan to review passing out parade of Kerala Armed Police
  • GST was a great radical reform: Surabmanian
  • Fishermen Welfare Samiti demands ST status, Finance Corporation
  • Ryan student murder case: Kiran Choudhry demands probe into torture of bus conductor
  • Shimla rape-murder case: CBI to file chargesheet against nine police officers
  • Punjab drafts Property Safeguard Act for speedy eviction of NRI property
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Govt slashes GST on 178 items from 28 to 18pc

Govt slashes GST on 178 items from 28 to 18pc

Guwahati, Nov 10 (UNI) In a major relief to traders and consumers, the Goods and Services Tax (GST) Council has slashed tax on 178 items from 28 per cent to 18 percent whereas it slashed tax rate of 2 items from 28 to 18 per cent.

Announcing the decision of the Council after its 23rd meeting in Guwahati, Finance Minister Arun Jaitley said that the Council decided to withdraw Input Tax Credit (ITC) for all Restaurant and has applied 5 per cent of tax on all type of restaurants.

The revised GST rates will apply under composition scheme except those restaurants who are under starred hotels.

Mr Jaitley said that that the council also slashed rates on 13 items from 18 per cent to 12 percent; on 6 items from 12 to 5 per cent and on 6 items from 5 per cent to nil.

He said that as far as rate revision is concerned, Council reviewed the rates for 228 items and reduced the rates for 213 items including some luxury items, auto parts, aircraft components, detergents, marble flooring, toiletries etc.

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