GST Rejig:Tax Rate On 178 Daily Items Reduced To 18% From 28% – PTI News

  • Press Release|
  • < 1 minute
  • By Taxmann
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  • Last Updated on 26 October, 2020
Press Trust of India “In the biggest GST rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates to beauty products, wigs and wrist watches, were today cut to provide relief to consumers and businesses amid economic slowdown.
 
 Vishal Raheja of Taxmann described the move as “great step” and said, “In future, we may expect that Government will further slash tax rates by moving from 4-tier tax slabs to lesser slabs or even single GST rate”.
 

 

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