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GST RATES DECREASES 23RD COUNCIL

GST RATES DECREASES 23RD COUNCIL:




GST Council has reviewed the return filing cycle and all taxpayers will now need to file only one return in the current year. Changes come between complaints from traders and small traders who say that GST has increased tax and administrative burden.

The Finance Minister said that the rate of change in the tax rate would be increased from 18 per cent to 28 per cent, 12 per cent from 18 per cent, the price of six commodities from 18 per cent to 5 per cent, the cost of eight commodities ranged from 12 rupees to 5 per cent and six to five per cent. .

Under GST, goods and services are placed in four brackets - 5, 12, 18 and 28 percent.
Things can not be taxed at 28 percent GST now, there are daily-use items such as shampoo, deodorant, toothpaste, shaving-cream, aftershave lotions, shoe polish, chocolate, chewing gum and nutritious drinks.

On the outside, the Finance Minister said that all restaurants and hotels outside and hotels are charging 5% GST, while people living in hotels with tariff of more than 7,500 night customers will be paid 18% GST. The advantage of ITC (Input Tax Credit) in the restaurant has been canceled in the restaurant because they were not going to benefit the customers, the minister said.

Sushil Modi, head of a panel on the Goods and Services Tax Network in Council, said that today's changes cost around Rs. 20,000 crores (3.07 billion dollars) this financial year.

West Bengal Finance Minister Amit Mitra said that the opposition parties have fought and brought the tax on different items, but they (the government) do not agree completely and some essential items are in the high slab of 28 percent.

Congratulations to FM @AranJaiti for today's successful  GST Council Meet The decision to move about 80% of the items to the low tax bracket will provide relief to consumers and help ease the business, "Railway Minister Piyush Goyal tweeted.

Today's changes come between the allegations of government's GST roll-out and last year's note restrictions. Economic obstruction India's economy is expected to grow at the slowest pace in four years in the fiscal year ending March 31, A Reuters survey has been found in.

Congress vice-president Rahul Gandhi tweeted, "We will not allow Gabbar Singh tax to be imposed on India. They can not break behind small and medium businesses, crush the informal sector and destroy millions of jobs. Are. "

The Congress has alleged that the BJP government has reviewed the GST in the important assembly elections in Gujarat next month, where the important voter groups of small traders are angry with the new tax regime.

The items on which GST was reduced from 28 per cent to 18 per cent:

Wire, Cables, Insulating Conductor, Electrical Insulators, Electrical Plugs, Switches, Sockets, Fuses, Relays, Electrical Connectors
Electrical boards, panels, consoles, cabinets, etc. for electrical control or distribution
Particle / Fiber Board and Ply Wood Wood, Wooden Frame, Article of Paving Block
Furniture, mattresses, bedding and similar presents
Trunk, suitcase, vanity cases, brief cases, travel bags and other hand bags, cases
Preparation of detergent, washing and cleaning

Stones and granite slabs

Artificial flowers, leaves and artificial fruits
Explosive, anti-knocking preparations, fireworks
Cocoa butter, fats, oil powder,
Extract, abstract advertising coffee focus, preparation of diverse food
Chocolate, chewing gum / bubble gum
Preparation of malt extract and dough, oatmeal, food, starch or malt extract
Coated wafers and wafers with chocolate or chocolate
Miscellaneous articles of rubber tubes and rubber
Glasses, binoculars, binoculars,
Cinematographic cameras and projectors, image projectors,
Microscope, specified laboratory equipment, specific scientific equipment such as meteorology,
Liquid or cream for washing skin
Shampoo; Hair cream, hair dyes (natural, herbal or synthetic) and other similar things; Honey powder or paste, not mixed with any other ingredient;
Preparation of pre-beard, shaving or later beard, personal deodorant remedies, bath preparation, aroma, cosmetic or toilet preparations, stomach in the room
Perfume and toilets water
The beauty or the preparation of makeup
Fans, Pumps, Compressors
Lamps & Lighting Fittings
Primary cell and primary battery
Sanitary Ware and all its parts
Plastics, floor cover, bath, shower, sink, washbasin, seats,  ocean science, geology
Solvent, thin, hydraulic fluid, anti-freezing preparation
Tile goods like marble and granite
All types of ceramic tiles
Miscellaneous articles such as vacuum bottles, lighter,
Wrist watches, clocks, clock movement, watch cases, straps, parts
Apparel and clothing leather, guts, flooring, artificial fur and other articles such as saddle and tapping material for any animal
Articles of cutlery, stove, cooker and similar non-electrical home appliances
Razors and razor blades
Multi-functional printer, cartridge
Office or desk equipment
Doors, windows and aluminum frames
Plaster articles such as boards, sheets,
Cement or solid or stone and artificial stone articles,
Articles of asphalt or slate,
Articles of asbestos
Ceramic floor block, pipe, drain, pipe fittings
Wall paper and wall cover
All kinds of glasses and articles such as mirrors, safety glasses, sheets, glassware
Electrical, Electronic Weighing Machinery
Fire extinguisher and fire extinguisher
Fork lifts, lifting and handling equipment,
Bull dodgers, excavators, loaders, road rollers,
Earth moves and level machinery,
Escalator,
Cooling towers, pressure vessels, reactors
Crankshaft, tailor's dummy, bearing house, gear and gearing for sewing machine; Ball or roller screws; Gasket
Electrical Equipment for Radio and Television Broadcasting
Sound recording or reproduction device
Signaling, safety or traffic control devices for transport
Physical exercise equipment, festivals and carnival equipment, swings, shooting galleries, dizziness, exercise and athletic equipment
All musical instruments and their part


The item on which GST was reduced from 28 per cent to 12 per cent:

Grinders mixed with stone as grinder
Tanks and other armored fighting vehicles


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