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GST Council meeting: Narayanasamy said, tax deduction from more than three dozen items

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.

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.

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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