GST on 50 items of mass consumption slashed from 28% to 18%
Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the panel of Group of Ministers for tackling IT-related glitches said the GST rate on 50 items of mass consumption, that were in the 28 per cent tax slab, has been slashed to 18 per cent. All items of common consumption have been reduced from 28 per cent to 18 per cent tax rate. "Tax on goods of mass consumption like chewing gum, chocolates, shaving items, shampoo and skin creams, whose revenue implication is not much, has been reduced," Modi told reporters on the sidelines of the Goods and Services Tax (GST) Council meet here. He further added that the revenue implication of these would be approximately Rs 20,000 crore. It is expected that the Guwahati meeting will take a decision about reduction of tax on 150-odd items currently in the 28 per cent slab. -PTC News
