GST rates cut: Washing machines to sanitary napkins, what gets cheaper - Hindustan Times
close_game
close_game

GST rates cut: Washing machines to sanitary napkins, what gets cheaper

New Delhi | ByAgencies
Jul 22, 2018 08:26 AM IST

The Goods and Services Tax (GST) Council on Saturday cut tax rates on a long list of items ranging from air conditioners and refrigerators to batteries used in mobile phones, delivering a big boost to the consumer economy.

The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small screen TV, while the widely demanded sanitary napkins have been exempted from the levy.

The move to cut tax rates on items of mass consumption comes ahead of the next round of assembly elections in the states of Rajasthan, Madhya Pradesh and Chhattisgarh towards the end of the year and national polls in 2019.(Pradeep Gaur/ Mint File Photo)
The move to cut tax rates on items of mass consumption comes ahead of the next round of assembly elections in the states of Rajasthan, Madhya Pradesh and Chhattisgarh towards the end of the year and national polls in 2019.(Pradeep Gaur/ Mint File Photo)

The highest tax bracket of 28 per cent has been rationalised further with rates on daily-use items like perfumes, cosmetics, toiletries, hair dryers, shavers, mixer grinder, vacuum cleaners, lithium ion batteries, being lowered to 18 per cent. The revised tax rates will come into effect from July 27.

Hindustan Times - your fastest source for breaking news! Read now.

A look at the items that got cheaper.

GST on commodities slashed to 0%:

Sanitary Napkins

Supply of services by old-age homes

GST on commodities slashed from 28% to 18%:

Refrigerators

Water Heaters

Washing Machines

Televisions (up to 68 cm)

Vacuum Cleaners

Paints

Hair Shavers

Hair Curlers

Hair Dryers

Scent Sprays

Lithium-ion batteries used in mobile phones and electric vehicles

GST on commodities slashed from 18% to 12%:

Handbags including pouches and purses; jewellery box

Wooden frames for painting, photographs, mirrors etc

Ornamental framed mirrors

Brass Kerosene Pressure Stove

Art ware of iron

GST on commodities at 5%:

Ethanol

Solid biofuel pellets

Handmade carpets and other handmade textile floor coverings (including namda/gabba)

Hand-made braids and ornamental trimming in the piece

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On