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Sat, Jan 19, 2019 | Last Updated 7:59 am IST

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Electrical appliances prices dip with GST!

Electrical appliances prices dip with GST!
Electrical appliances prices dip with GST!
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With the reduction of GST, the prices of 23 appliances including laptops and digital cameras are about to get implemented from today. GST, the goods and services tax came into existence right from July 1, and the central government had fixed the tax in four different rate slabs namely, 5%, 12%, 18% and 28%.

 


GST council members are often seen discussing on reduction of GST rates, and on December 22, the 31st GST meeting was held. It was decided to reduce the taxes of 23 items, and it was decided that on the 28% tax slab, items like hazardous items, luxury goods, and cement, television sets with large screen, Air-conditioners and dishwashers alone are categorized.

 Electrical appliances prices dip with GST!

The tax on vehicles for physically challenged was reduced from 28% to 5% , and taxes on cinema tickets up to rupees 100 was 18 to 12% and tickets above 100 rupees from 28% to 18%. Similarly, GST of 32 inches TV, power banks were reduced and this comes into implementation from yesterday.


Electrical appliances prices dip with GST!
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Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.