GST rates cut: Washing machines to sanitary napkins, what gets cheaper
The Goods and Services Tax (GST) Council on Saturday cut tax rates on a long list of items ranging from air conditioners and refrigerators to batteries used in mobile phones, delivering a big boost to the consumer economy.business Updated: Jul 22, 2018 08:26 IST
The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small screen TV, while the widely demanded sanitary napkins have been exempted from the levy.
The highest tax bracket of 28 per cent has been rationalised further with rates on daily-use items like perfumes, cosmetics, toiletries, hair dryers, shavers, mixer grinder, vacuum cleaners, lithium ion batteries, being lowered to 18 per cent. The revised tax rates will come into effect from July 27.
A look at the items that got cheaper.
GST on commodities slashed to 0%:
Supply of services by old-age homes
GST on commodities slashed from 28% to 18%:
Televisions (up to 68 cm)
Lithium-ion batteries used in mobile phones and electric vehicles
GST on commodities slashed from 18% to 12%:
Handbags including pouches and purses; jewellery box
Wooden frames for painting, photographs, mirrors etc
Ornamental framed mirrors
Brass Kerosene Pressure Stove
Art ware of iron
GST on commodities at 5%:
Solid biofuel pellets
Handmade carpets and other handmade textile floor coverings (including namda/gabba)
Hand-made braids and ornamental trimming in the piece
First Published: Jul 22, 2018 08:20 IST