- Karnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)Wedding pics: Mouni Roy marries Suraj Nambiar in South Indian ceremony73rd Republic Day Parade 2022 - In Pictures
World no. 1 Serbian tennis great Novak Djokovic was named Laureus World Sportsman of the Y
- Asian Games medallist Jyothi Yarraji to train in Spain ahead of Paris Olympics
- Lione Messi said Retirement not on my mind
- Indian Wells: Alcaraz, Swiatek win titles
- African footballer chased and thrashed away in Kerala; reports
- Hockey India announce core probable group for men's national camp in Bhubaneswar
GST Council cuts tax slab for 178 items from 28% to 18% Last Updated : 10 Nov 2017 07:30:41 PM IST (File Photo)
The GST rate on 50 items of mass consumption, that were in the 28 per cent tax slab, rest items has been slashed to 18 per cent, Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the panel of Group of Ministers for tackling IT-related glitches, said on Friday.
"All items of common consumption have been reduced from 28 per cent to 18 per cent tax rate.
"Tax on goods of mass consumption like chewing gum, chocolates, shaving items, shampoo and skin creams, whose revenue implication is not much, has been reduced," Modi told reporters on the sidelines of the Goods and Services Tax (GST) Council meet here.
He further added that the revenue implication of these will be approximately Rs 20,000 crore.
Modi said it was important that the system under GST regime stabilises as only four months were remaining for the close of the current financial year.
The 23rd GST Council meeting got underway on Friday at a city hotel under the chairmanship of Union Finance Minister Arun Jaitley.
The Finance Ministers of at least 24 states of the country participated in the meeting. Some of the states were represented by their Chief Ministers as they hold the Finance portfolio as well.
IANS For Latest Updates Please-
Join us on
Follow us on
172.31.16.186