Six Items Taken Out of the 28% GST Tax Bracket: Arun Jaitley
Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime.
New Delhi, December 22: Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime.
There were 34 items in the 28 per cent tax bracket which included luxury and 'sin goods' till now. However, the GST Council in its meeting on Saturday decided to take out 6 items from this list. Only 28 items now remain in the 28 per cent GST tax bracket. 31st GST Council Review Meet Ends; Finance Ministry Reduces Tax on 33 Items.
(The above story first appeared on LatestLY on Dec 22, 2018 04:40 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).