GST Council:A meeting is going on at GST Council’s Science House in Delhi. In the past, PM Modi had said that 99 percent of the items will be kept in the tax slab of 18 percent or less.
31st meeting of GST Council is going on in Delhi today It has decided to relieve the common man on various items through tax deduction. Puducherry Chief Minister V Narayanasamy told reporters outside Vigyan Bhawan that the Fittings Committee has cut tax on more than three dozen items of everyday use.
V Narayanasamy, Puducherry Chief Minister on GST Council meet in Delhi: The original demand by Congress that all goods should come down to 18% & below except luxury items has been agreed by the Government. Except 34 items all other will come down to 18% & below. (2/2) https://t.co/IaRDXjy5Wa
— ANI (@ANI) December 22, 2018
Narayanasamy said that it has been decided to cut 18 per cent tax from 33 items to 12 or 5 per cent. In media reports, Sami has been told that 7 items have been brought from 28 per cent slab to 18 per cent tax slab. He also said that the Congress Party has demanded to bring all other items in the tax slab of 18 or less except luxury items.
#BREAKING | 7 items brought to 18% and lower from 28%. 33 items have been brought down to 12% and 5% from 18%. GST council meeting still underway: Puducherry CM V. Narayanasamy@VNarayanasami #GSTCouncilMeet #gstcouncil #GST @GST_Council @askGST_GoI pic.twitter.com/miocUrnoOE
— ET NOW (@ETNOWlive) December 22, 2018
However, he did not tell the extent to which the tax has been deducted on the item. Significantly, Prime Minister Narendra Modi had said that 99 percent of the items will be kept in the tax slab of 18 percent or less.
According to sources, the new year gift is being given to the middle class through tax deduction from AC, TV, washing machine etc. At the same time, tax deduction on cement is preparing to promote the manufacturing sector. Measures are also being taken to ease tax compliance and provide relief to traders.
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