Tag: Steel Cutlery

GST Rates Slashed on Goods / Services

The GST council which met on 11th June’17 has revised ( Reduced)  rates on 66 items, following representations from industry. Out of the 66 items following are some of the Goods/ services, in which the middle class deals in their day to day life, such as  school bags, colouring books, notebooks, printers, cutlery, agarbattis and cinema tickets.

S.no Description of Goods/ Services Old Rate Revised Rate Reduction in Tax Rate
1 Agarbattis 12 5 7
2 School Bags 28 18 10
3 Exercise Books 18 12 6
4 Colouring Books 12 0 12
5 Steel Cutlery 18 12 6
6 Printers (Computer peripherals) 28 18 10
7 Movie Tickets < Rs.100 28 18 10