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23/07/2018 04:43pm

Out of 228 goods only 35 goods in highest tax bracket of 28%

image Out of 228 goods only 35 goods in highest tax bracket of 28%

New Delhi, July 23 (KNN) The GST Council has trimmed the 28 per cent slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items in the highest tax bracket. 

With 226 goods in the 28 per cent category when Goods and Services Tax (GST) was implemented on July 1, 2017, GST rates of 191 items have been revised by the Council, chaired by Union Finance Minister and comprising state ministers till now.

The 35 goods, which will be left in highest tax bracket once the new GST rates are implemented from July 27, include cement, automobile parts, tyres, automobile equipments, motor vehicles, yachts, aircrafts, aerated drinks, betting , AC, digital camera, video recorders, dishwashing machine, demerit items like tobacco, cigarette and pan masala.

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