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GST Council on Sunday revised the rates of 66 items

in National June 12, 2017 Comments Off on GST Council on Sunday revised the rates of 66 items 876 Views

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.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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