GST Council cuts rates on TVs, movie tickets; cement, ACs left untouched : News Date 22-12-2018
NEW DELHI: Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime.
Retreated Tyres, video games and sporting equipment, movie tickets, billiards and snookers and lithium battery power banks will attract 18 percent GST.
The Goods and Services Tax (GST) Council on Saturday slashed rates on 23 items such as televisions and movie tickets while keeping tax rate on cement and auto parts unchanged. Additionally, the Council proposed to cut GST rates on six of the items from 28 percent to 18 percent.
Cement rate reduction has not been taken up as it has huge revenue implication ..
Wheelchair accessories too have been proposed to be brought under 5 percent bracket from 28 percent.
There were around 226 goods in the 28 per cent category when Goods and Services Tax (GST) was implemented on July 1, 2017.
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