GST Council removes 178 items from 28% slab, only 50 left | Current Affairs, Current Affairs 2017

GST Council removes 178 items from 28% slab, only 50 left

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In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 per cent category while cutting the tax on all restaurants outside starred-hotels to 5 per cent but withdrawing input credit facility for them.
Only 50 products, including luxury and sin items, white goods, cement and paints, automobile, aeroplane and yacht parts have been retained in the top 28 per cent slab.
“The GST Council has decided to slash tax slabs of 178 items from 28 per cent to 18 per cent. It will be applicable from 15th of this month,” Union Finance Minister ArunJaitley said while briefing media persons after the two-day meeting here.
With the latest decisions, GST has been cut on a host of consumer items such as chocolates, chewing gum, shampoo, deodorant, shoe polish, detergents, nutrition drinks, marble and cosmetics

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