The GST Council delivered a fresh round of rate cut on Saturday to benefit consumers, slashing the levy on nearly 100 items, including white goods, sanitary napkins, handicrafts, perfumes and paints, in what was seen as a pre-election bonanza.
It also eased the burden for hotels, the textiles sector and small businesses at a marathon nine-hour meeting.
A large number of the items, which faced 28% levy, such as refrigerators and washing machines, were moved to the 18% slab as part of a strategy to keep only sin and luxury goods such as tobacco, soft drinks and cars in the top bracket. Read More
Latest posts by ET Energy World (see all)
- Oil hits 3-month high on OPEC cuts, US sanctions on Iran, Venezuela - February 18, 2019
- Once complete, Polavaram to add 980 megawatts of hydel power to state grid - February 18, 2019
- Power shortages likely during polls as discoms miss payments - February 18, 2019