GST Council cuts rates on 23 items, Movie Tickets, Video Games To Be Cheaper
MY TIMES TODAY. The goods on which GST has been lowered to 18 per cent from 28 per cent at present include pulleys, transmission shafts and cranks, gear boxes, retreated or used tyres, power banks of lithium ion batteries, digital cameras, video camera recorders and video game consoles.
While air conditioners and dish washers were not removed from the 28 percent slab, three items were moved from 18 percent to 12 percent, one item was shifted from 18 percent to 5 percent along with other changes in tax rates as well.
Jaitley also announced that a group of ministers will be studying the data on two years of GST and will be taking the expert assistance of NIPFP to find out the broad analysis indicates.