Majority of items with 28% GST likely to see rate revision: Sushil Modi
Wednesday, 8 November 2017 () Bihar Deputy Chief Minister Sushil Kumar Modi, who is also a member of the GST council, today said tax rates on 80% items of top 28% slab are likely to be slashed at the council's meeting starting on Thursday.
"Tax rates on 80% of 227 items falling in top slab is likely to be reduced from 28% to 18% in the next GST council...
The GST Council meeting in Guwahati on decided to knock 178 off the 28 percent rate bracket and put them in the 18 percent bracket and put another 33 into lower tax brackets than they were original. In just five days from now, as many as 178 items from cosmetics to detergents to granite and marble...
The GST Council has decided to keep only 50 items, mostly luxury goods in the top 28 per cent bracket, said Sushil Modi, who heads the Group of Ministers panel... India Today - IndiaAlso reported by •Zee News
The all-powerful council pruned the list of items attracting the top 28 per cent tax rate to just 50 from 227 previously, Modi told reporters here. In effect,... IndiaTimes - BusinessAlso reported by •Zee News •Deccan Herald
The Goods and Services Tax (GST) Council gave relief to consumers and industry on Friday and decided to reduce rates for 178 items — mainly mass consumption... DNA - Front PageAlso reported by •Deccan Herald