The GST on consumer electronics ― TV (up to 27"), washing machine, refrigerator, mixer, juicer, grinder cut from 28% to 18%
The Union Finance Ministry in consultation with the GST Council took major decisions today. The GST Council, headed by Finance Minister Piyush Goyal has cut tax rates on over 60 products. The new rates will come into effect from July 27.
"The exercise is to ensure simplification and rationalisation of Goods and Services Tax, or GST and extend relief to the common man," Piyush Goyal said.
GST Council today approved reduction in rates of 88 goods and services. Money in the hands of all sections of society - the poor, households, women, farmers and senior citizens.https://t.co/6AkfDghLzU
— Piyush Goyal (@PiyushGoyal)In a tweet Goyal added, "GST Council today approved reduction in rates of 88 goods and services. Money in the hands of all sections of society - the poor, households, women, farmers and senior citizens."
Key decisions taken by GST Council
Thankful to GST Council and Minister for exempting Sanitary Napkins from GST; a welcome step towards encouraging menstrual hygiene among young girls and women. pic.twitter.com/1jFsyTdsC4
— Smriti Z Irani (@smritiirani)Read Exclusive COVID-19 Coronavirus News updates, at MyNation.