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Tax Rate For 1,211 Items Fixed Under GST. Here Is The List

19 May, 2017 9:11 AM
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Tax Rate For 1,211 Items Fixed Under GST. Here Is The List

The GST or Goods and Services Tax Council in its meeting on Thursday fixed tax rates on 1,211 items representing 80-90 per cent of the total goods.

While 81 per cent of the goods will attract tax at the rate of 81 per cent, 7 per cent have been exempted from tax. While items like fresh milk, butter milk, fresh fruits, vegetables, flour, stamp and newspaper will attract zero tax under the new indirect tax regime - GST, frozen fish, concentrated milk, skimmed milk powder, baby food, coffee, tea, kerosene and coal will be taxed at 5 per cent.

Also read: McDonald's Meals Not Cheaper Despite GST Rate Cut. Twitter Not Lovin' It

Source: profit.ndtv.com

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