Business Standard

Sunday, December 22, 2024 | 10:37 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

GST Council reduces tax rates of 66 items: FM Jaitley

Council had received representations for 133 items; GST on movie tickets below Rs 100 cut to 18%

Jaitley
Premium

Union Minister for Finance and Corporate Affairs Arun Jaitley and Revenue Secretary Hasmukh Adhia during the16th GST Council Meeting at Vigyan Bhawan in New Delhi (Photo: PTI)

Press Trust of India New Delhi
Tax rates on certain kitchen items like pickles and mustard sauce, as well as movie tickets costing up to Rs 100 have been lowered as the Centre and states today reduced levies on 66 items.

Movie tickets costing Rs 100 and below will now attract 18% tax, as against 28% proposed earlier, while those above Rs 100 will continue to attract 28% GST.

Kitchen use items like pickles, mustard sauce and morabba will attract 12% GST, as against 18% proposed earlier. Also, tax rates on cashew nuts have been cut to 5% from 12%.

The GST Council also decided that traders, manufacturers and

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in