Sunday, 7 January 2018

GST Old Tax Rate Revised.


The GST council of India on November 10 revised the tax rates on around 178 items, ranging from chewing gum to beauty products. The GST rates on these items were shifted from the top tax bracket of 28 per cent to 18 per cent or lesser. The most important decision was to change the tax rate on AC and non-AC restaurants to 5 per cent from the earlier 18 per cent rate. All the new rates will be effective Now in 2018.
:

ItemOld GST rateNew GST rate
Chewing gumChocolates28%18%
After shave28%18%
Deodorant28%18%
Shampoo28%18%
Washing powder28%18%
Detergent28%18%
Sweets such as Khaja, Anarsa18%5%
Pasta, Handbags made of cotton and jute18%12%
Plywood, wash basin, construction-related 
items, stove, fire extinguisher, mattress
28%18%
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