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Wed, Mar 27, 2019 | Last Updated 8:44 am IST

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GST Council reduces tax rates

GST Council reduces tax rates
GST Council reduces tax rates
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New Delhi sources stated that conceding a yearlong demand, sanitary pads today exempted from GST as the GST Council reduced tax rates on an array of daily use appliances and products. Meanwhile Finance Minister Piyush Goyal told reporters that GST tax on sanitary pads was cut from 12% to zero, rakhis were exempted from the tax.



Goyal said "Sanitary napkins exempted from GST". Furthermore it was stated that among items on which GST was reduced include footwear, small televisions, water heater, electric ironing machines, refrigerators, lithium ion batteries, hair dryers, vacuum cleaners, food appliances and ethanol. Goyal said “GST Council cuts tax rate on an array of products. Rakhis have been exempted from GST, tax on ethanol has been cut to 5%, and small handicrafts have been exempted”.

GST Council reduces tax rates

Moreover tax rates on worked up Kota stone, sand stone and similar quality of local stones were cut from 18 to 12%, with the purpose of avoiding classification disputes. Accordingly the value limit of footwear was enhanced from Rs 500 to Rs 1,000 for 5 per cent rate? GST on 17 items used by middle class viz Paints, Refrigerators, washing machines, vacuum cleaners, storage water heaters, TVs up to 68 cm was reduced from 28 to 18%. Moreover the next GST Council meeting will be held on August 4.

GST Council reduces tax rates

GST Council reduces tax rates
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