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GST: What is set to become cheaper

10 November, 2017 4:34 PM
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Out of 228 items in the 28% tax bracket, 178 have been put into the lower tax category of 18%, Finance Minister Arun Jaitley announced at a press briefing after the GST Council meet in Guwahati on Friday.

For restaurants, tax rate will be 5% uniform for all AC or non-AC restaurants.

Restaurants in starred-hotels will charge 18% tax with input tax credit, those in lower category hotels to charge 5 pc GST without ITC, says Mr. Jaitley.

iNarrow woven fabric including cotton newar [with no refund of unutilised input tax credit]

Fish frozen or dried (not put up in unit container bearing a brand name)

Source: thehindu.com

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