INSUBCONTINENT EXCLUSIVE:
GST Council Meeting: The new GST rates will come into effect from January 1, 2019.The Goods and Services Tax (GST) Council, headed by
Finance Minister Arun Jaitley, on Saturday cut rates on 23 commonly used items such as TV screens, movie tickets and power banks
the 28 per cent slab is restricted to only luxury and sin goods, apart from auto parts and cement -- tax rates on which could not be cut due
to the high revenue implication
cranks, gear boxes etc., falling under HS Code 84832818Monitors and TVs up to 32 inches2818Re-treaded or used pneumatic tyres of
rubber;2818Power banks of lithium ion batteries
Lithium ion batteries are already at 18%
This will bring parity in GST rate of power bank and lithium ion battery.2818Digital cameras and video camera recorders2818Video game
consoles and other games and sports requisites falling under HS code 9504.2818Parts and accessories for the carriages for disabled
persons285Cork roughly squared or debagged1812Articles of natural cork1812Agglomerated cork1812Marble rubble185Natural cork125Walking
Stick125Fly ash Blocks125Music books120Vegetables frozen, branded and put in a unit container50Vegetable provisionally preserved but
1002818Cinema tickets up to Rs 1001812Third party insurance premium of goods carrying vehicles1812The new GST rates will come into effect
from January 1, 2019, the government said.(With agency inputs)
