Last Updated : May 19 2019 12:08PM     Screen Reader Access
News Highlights
Polling begins for the last phase of Lok Sabha elections            PM Narendra Modi offers prayers at Kedarnath            Counting of votes for Lok Sabha, 4 state assemblies to be taken up on May 23            Australian PM Scott Morrison wins federal elections            NPPA slashes prices of 9 non-scheduled cancer drugs by up to 87%           

Business News

Dec 23, 2018
1:31PM

GST reduced on 23 items and services; revised rates effective from 1st of next month

@GST_Council
The GST Council has reduced tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks. With this, only 28 goods are left in the highest 28 per cent tax bracket. Monitors and TV screens up to 32-inches and power banks will attract 18 per cent GST, as against 28 per cent earlier. 

GST on movie tickets costing up to 100 rupees was cut to 12 per cent from 18 per cent, while tickets over 100 rupees will attract 18 per cent tax, against 28 per cent earlier.
Briefing media after the meeting of the Council in New Delhi last evening, Finance Minister Arun Jaitley said, accessories for carriages for specially-abled persons have been brought down to 5 per cent. He said, the annual revenue implication of the rate cuts will be 5 thousand 500 crore rupees. 

Mr Jaitley also said, the services supplied by the banks to Jan-Dhan account holders will be exempted from GST. He said, now 28 percent slab rate is applicable on cement and auto parts and luxury items like Air Conditioner and dishwasher.
The new GST rates will be effective from the 1st of next month.
The Council also approved a proposal to form a seven Member Group of Ministers to study the revenue trend, including analysing the reasons for structural patterns affecting the revenue collection in some of the states. 

The study would include the underlying reasons for deviation from the revenue collection targets vis a vis original assumptions discussed during the design of GST system, its implementation and related structural issues.
 

PM’s Exclusive Interview to DD News

Live Twitter Feed

Listen News

Morning News 19 (May) Midday News 18 (May) News at Nine 18 (May) Hourly 19 (May) (1200hrs)
समाचार प्रभात 19 (May) दोपहर समाचार 18 (May) समाचार संध्या 18 (May) प्रति घंटा समाचार 19 (May) (1205hrs)
Khabarnama (Mor) 19 (May) Khabrein(Day) 18 (May) Khabrein(Eve) 18 (May)
Aaj Savere 18 (May) Parikrama 18 (May) Lok Ruchi Samachar 19 (May)

Listen Programs

Market Mantra 18 (May) Samayki 18 (May) Sports Scan 18 (May) Spotlight/News Analysis 18 (May)
    Public Speak

    Country wide 28 (Mar) Surkhiyon Mein 4 (Apr) Charcha Ka Vishai Ha 15 (May) Vaad-Samvaad 7 (May) Money Talk 7 (May) Current Affairs 22 (Mar)