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Govt insights at investigating rates in top GST section


Govt insights at investigating rates in top GST section

MUMBAI: After cutting the GST rates of more than 200 things a month ago, the administration today indicated surveying demands on the things in the main 28 for each penny charge section.

On November 10, the GST Council, headed by Finance Minster Arun Jaitley, had brought down Goods and Services Tax (GST) rates on more than 200 things, running from biting gum to chocolates, to magnificence items, wigs and wrist watches.

Upwards of 178 things of every day utilize were moved from the best assessment section of 28 for every penny to 18 for each penny, and a uniform 5 for every penny charge was endorsed for both aerated and cooled and non-AC eateries.

“We have effectively decreased GST sections of 12 for each penny to 5 for every penny and 5 for each penny to zero for each penny (on six things). Going ahead, we may take a gander at checking on the 28 for each penny section,” Union Minister of State for Finance Shiv Pratap Shukla said at an occasion here tonight.

The GST Council had likewise pruned the rundown of things in the main 28 for every penny chunk to only 50 from 228 prior.

Following this major rejig in GST rates, Jaitley had indicated at a further extension for defense of rates.

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