INSUBCONTINENT EXCLUSIVE:
The 35 goods, which will be left in highest slab once the new GST rates are implemented from July 27.New Delhi: The GST Council has pruned
the 28 per cent slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items, including AC, digital camera, video
recorders, dish washing machine and automobiles, in the highest tax bracket
There were around 226 goods in the 28 per cent category when Goods and Services Tax (GST) was implemented on July 1, 2017
parts, tyres, automobile equipment, motor vehicles, yachts, aircraft, aerated drinks, betting and demerit items like tobacco, cigarette and
Experts said going forward as the revenues stabilise, the Council may look at further rationalisation of the 28 per cent slab, to restrict
collections after the recent reductions stabilise, the remaining items such as televisions of all sizes, dishwashers, digital cameras, air
cent from 28 per cent on 15 items, including vacuum cleaners, washing maching, 68 cm (27 inch) TV, fridge, laundry machines, paints and
Abhishek Jain said: "The reduction of GST rates from 28 per cent to 18 per cent shows that directionally, the government seems to be clear
that the 28 per cent rate should be restricted to super luxury and sin goods".
