GST (31st) Revision - Complete List of Goods and Services Tax Slabs

GST (31st) Revision - Complete List of Goods and Services Tax Slabs: The GST Council on Saturday reviewed the tax slabs slashing rates on several items. Among the things set to get cheaper are and movie tickets. Announcing the slab rehab, Finance Minister Arun Jaitley said that the government wanted to keep the GST rates close to the original rates. But there were differences in case of some items because of the changes in the economy as well as customer preferences. Some commodities were kept in the high tax bracket (18-28%) but on scrutinizing the list, they found that these commodities should be considered as necessities and not luxuries. This is why the GST rates were revised for commodities such as notebooks, exercise books, spectacles and lenses and some other items and the new GST rates will be effective from January 1, 2019.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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