INSUBCONTINENT EXCLUSIVE:
Friday more than doubled the tax on caffeinated beverages to 40 per cent and slashed the rate on hotel room tariffs
Briefing reporters after a meeting of the panel, Finance Minister Nirmala Sitharaman said the GST on caffeinated beverages has been hiked to
28 per cent plus additional cess of 12 per cent as against the current rate of 18 per cent.For hotels, she announced nil tax for those with
tariffs of up to Rs 1,000 per night
Hotels charging Rs 1,001 to Rs 7,500 per night room tariff would be levied with 12 per cent tax as against the existing 18 per
cent.Similarly, the tax on room tariff of above Rs 7,500 has been slashed to 18 per cent from the existing 28 per cent
Also, tax on outdoor catering has been reduced to 5 per cent from existing 18 per cent with input tax credit, she said.The GST was also cut
on marine fuel to 5 per cent while the same on railway wagons, coaches, roling stock has been increased from 5 per cent to 12 per
cent.Exemption from the GST has been given to imports of specified defence goods that are not manufactured in India.A uniform GST rate of 12
per cent will be levied on woven/non-woven polyethylene bags
The cess levied on top of the maximum 28 per cent tax rate on petrol vehicles with capacity to carry 10-13 persons has been reduced to 1 per
cent and the same for diesel vehicles has been cut to 3 per cent.The tax on almond milk has been set at 18 per cent, she said adding all
rate changes would be effective from October 1.The GST on slide fasteners (zips) has been reduced to 12 per cent from 18 per cent
12 per cent from 18 per cent.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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