From chocolates to cutlery: 200 items cheaper as GST cuts notified

1. From chocolates to cutlery: 200 items cheaper as GST cuts notified The government formally notified the lower rates, including on chocolates, waffles, furniture, wristwatches, cutlery, suitcases, ceramic tiles and articles of cement. From chocolates to cutlery: 200 items cheaper as GST cuts notified on Business Standard. The government formally notified the lower rates, including on chocolates, waffles, furniture, wristwatches, cutlery, suitcases, ceramic tiles and articles of cement.

2. GST News : Eating out and a little over 200 products of mass consumption, including detergents and ceiling fans, became cheaper from Wednesday with the lower goods and services tax (GST) rates taking effect. The finance ministry has told citizens to remember this while purchasing these. The government formally notified the lower rates, including on chocolates, waffles, furniture, wristwatches, cutlery, suitcases, ceramic tiles and articles of cement. The GST Council, chaired by Finance Minister Arun Jaitley, had on Friday in Guwahati decided to cut rates on these items to provide relief to consumers and businesses, amid an economic slowdown. The Council pruned the list of items in the top 28 per cent GST slab to 50, from the earlier 228. Another 176 had the rate cut from 28 per cent to 18 per cent — chewing gum, chocolates, coffee, custard powder, marble and granite, dental hygiene products, polishes and creams, sanitary ware, leather clothing, artificial fur, wigs, cookers, stoves, after-shave deodorant, detergent and washing power, razors and blades, cutlery, water heaters, batteries, goggles, wristwatches and mattresses, among others. The tax on wet grinders, tanks and armoured vehicles was reduced to 12 per cent from the peak rate. And, a uniform five per cent tax prescribed for all restaurants, both air-conditioned and not. Broadly, in the highest tax slab are what are termed luxury goods and ‘sin’ goods — pan masala, aerated water, beverages, cigars and cigarettes, tobacco products, cement, paints, perfumes, air conditioners, dish washing machines, washing machines, refrigerators, vacuum cleaners, cars, two- wheelers, aircraft and yachts. Rate on six items were reduced from 18 per cent to five per cent, on eight items from 12 per cent to five per cent, and on six items from five per cent to nil. Click here to Know → Full List of GST rate