New Delhi:12/6/17; The Goods and Services Tax (GST) Council on Sunday revised the rates of 66 items from what was originally stated in the four-slab indirect tax structure.
Finance minister Arun Jaitley made the announcement after the council’s 16th meeting.
“GST Council has reduced tax rates of 66 items as against representations received for 133 items. Tax rate on insulin, agarbatti lowered to 5 per cent, school bags to attract tax of 28 per cent,” Jaitley said.
GST on movie tickets under Rs 100 has been slashed to 18 per cent, while tickets priced above Rs 100 will be taxed at 28 per cent tax, Jaitley said.
Kitchen use items like pickles, mustard sauce and morabba will attract 12 per cent GST, as against 18 per cent proposed earlier. Also, tax rates on cashew nuts have been cut to 5 per cent from 12 per cent.
The tax rate on sanitary napkins remains unchanged, Jaitley said.