GST council meeting in Guwahati: Council lowers GST from 28 to 18 percent on 177 items

  • GST council meeting in Guwahati: Council lowers GST from 28 to 18 percent on 177 items
10-11-2017 | Pratidin Bureau. |

GST council headed by Union Finance Minister Arun Jaitley on Friday decided upon reducing Goods and Services Tax (GST) on 177 items out of 277 items falling under 28% slab during a GST council meeting in Guwahati.

The meeting came after a council of Ministers wrote to Prime Minister Narendra Modi seeking changes in GST, especially in AC restaurants and expensive hotels.

Out of four slabs, one was of 28% and around 277 objects fell in this slab. A committee formed by the finance ministers of the States has decided that GST on at least 80% of these objects could be reduced to 18%.

On being asked if the fourth slab can completely be removed, Sushil Kumar Modi said “It is not possible to completely remove the 4th slab as because of these changes, the government is already likely to face a loss of Rs 16,000 crore.”

Around 200 objects are likely to get cheaper as Government mulls reducing GST on them, of which some of them are- deodrant, shampoo, shaving cream, construction material, eating at AC restaurants, sanitary material, wall paper, stationary, watches, sports goods etc.

Tags : GST council Guwahati GST Arun Jaitley


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