The GST was creating a flutter all through the states.Though it was a positive reform many didn’t find the tax rates happy.  Goods and Services Tax or GST regime - billed as the biggest tax reform to create a uniform market in India - the powerful GST council cut tax rates for 66 items. Finance Minister Arun Jaitley announced the revised GST rates on Sunday.

Image result for insulin pen


The revised tax rates that will be applicable from July 1 this year. Packaged food items like pickles, ketchup, toppings, instant food mixes will all be cheaper as GST on these items have been reduced to 12 per cent from earlier 18 per cent.

Image result for theater tickets


Insulin which was put in the 12 per cent slab but now it has been brought down to 5 per cent. school bags will be cheaper as GST has been slashed from 28 per cent to 18 per cent. Cutlery will cost less - with the tax reduced from 18 to 12 per cent - and so will computer printers and CCTV cameras. These items that attracted 28 per cent GST will now be at the 18 slab.

Small scale manufacturers and traders are also big gainers. Those whose annual turnover was less than 20 lakhs won't have to pay any tax. Entrepreneurs whose turnover is between Rs. 20 and Rs. 75 lakhs, will have to pay nominal taxes under the composition scheme.Efforts of Kamal Hassan didn’t go for waste . A film whose tickets are priced above Rs. 100 will attract 28 per cent while those film with tickets priced at Rs. 100 or below would be in the 18 per cent slab.


మరింత సమాచారం తెలుసుకోండి: