Gst rate cuts
Many items will see gst rate cut from july 27. And if anyone in these categories doesnt reduce mrp they will i think face profiteering charges. Hopefully this will bring relief to middle class.
Exempted from gst
Sanitary pads.
Deities made of stone, marbles or wood.
Raakhis, without any precious metals.
Raw material used in brooms.
Commemorative coins circulated by the RBI or government.
Saal leaves
Fortified milk
Handloom dari
Fertiliser grade phosphoric acid
GST on These Products Reduced From 28 percent to 18 percent:
Washing machines
Vaccum cleaners
Food grinders, mixers
Shavers, hair clippers
Storage water heaters
Electric smoothing irons
Water cooler
Ice cream freezer
Refrigerators
Hand dryes
Cosmetics
Perfumes
Paint
Varnishes
Toilet sprays more
Exempted from gst
Sanitary pads.
Deities made of stone, marbles or wood.
Raakhis, without any precious metals.
Raw material used in brooms.
Commemorative coins circulated by the RBI or government.
Saal leaves
Fortified milk
Handloom dari
Fertiliser grade phosphoric acid
GST on These Products Reduced From 28 percent to 18 percent:
Washing machines
Vaccum cleaners
Food grinders, mixers
Shavers, hair clippers
Storage water heaters
Electric smoothing irons
Water cooler
Ice cream freezer
Refrigerators
Hand dryes
Cosmetics
Perfumes
Paint
Varnishes
Toilet sprays more
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Does Mr Ajay Shah believes that all the items listed by him are required by the middle class people only? The reduced rates of tax on these commodities will benefit the consumers from all classes provided their (commodities) prices are accordingly reduced in real sense. more
Jul 23
In every meeting of the GST Council, there had been instances of lowering the GST slabs in respect of hundreds of items. So it would not be fair to link it with the election manifesto of the ruling party. However, it is important for the government to ensure that the benefit of the reduced tax rates is honestly passed on to the consumers. more
Jul 23
Whether it is a election sop or otherwise, it will bring great relief to middle class consumers. It will also boost manufacturing and sales and help in creating more jobs in these industries. more
Jul 23
The GST sops are meant to please the voters in the pre-election year. The GST rate cuts based on better compliance and better collection are scientific and will stay. more
Jul 22
Traders will not Benfit of reduction in rate cuts. Anti profiteering agency should take strict action against such traders immediatly more
Jul 23
