Sunday, August 19 2018

July 21, 2018

GST council recommends GST rates reduction on several goods

finance minister Piyush Goyal,India News

Finance Minister Piyush Goyal announced to reduced GST tax rates on more than 50 items and exempted sanitary napkins, rakhis, stone, marble, wooden deities and Saal leaves from GST.He was briefing media after chairing the 28th GST Council meeting in New Delhi.Mr Goyal said, GST rate on handbags, jewellery box, wooden box for paintings, artware of glass, stone endeavour, ornamental framed mirrors and handmade lamps were reduced to 12 per cent. He said, GST on imported urea and ethanol sold to oil companies for blending with petrol and diesel has been reduced to 5 per cent.