posaanisam Posted November 10, 2017 Report Posted November 10, 2017 The GST Council on Friday in the biggest tax overhaul slashed tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products to wrist watches to provide relief to consumers and businesses. As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent. After these changes, only 50 items will attract GST rate of 28 per cent. Tax on two items was cut from 28 per cent to 12 per cent while on six items was reduced from 18 per cent to 5 per cent. On eight items, tax was reduced from 12 per cent to 5 per cent and on six items from 5 per cent to nil. Another big change, all restaurants will now be levied GST at 5 per cent, without input tax credit (ITC) benefits. Click here to know more on how eating out may get cheaper. However five-star restaurants within starred-hotels with room rent above Rs. 7,500 will attract 18 per cent and can still avail ITC benefits, the council said. Outdoor catering will attract 18 per cent GST with input tax credit benefits. Quote
posaanisam Posted November 10, 2017 Author Report Posted November 10, 2017 Items on which GST was cut from 28 per cent to 18 per cent: Wire, cables, insulated conductors, electrical insulators, electrical plugs, switches, sockets, fuses, relays, electrical connectors Electrical boards, panels, consoles, cabinets etc for electric control or distribution Particle/fibre boards and ply wood. Article of wood, wooden frame, paving block Furniture, mattress, bedding and similar furnishing Trunk, suitcase, vanity cases, brief cases, travelling bags and other hand bags, cases Detergents, washing and cleaning preparations Liquid or cream for washing the skin Shampoos; Hair cream, Hair dyes (natural, herbal or synthetic) and similar other goods; henna powder or paste, not mixed with any other ingredient; Pre-shave, shaving or after-shave preparations, personal deodorants, bath preparations, perfumery, cosmetic or toilet preparations, room deodoriser Perfumes and toilet waters Beauty or make-up preparations Fans, pumps, compressors Lamp and light fitting Primary cell and primary batteries Sanitary ware and parts thereof of all kind Articles of plastic, floor covering, baths, shower, sinks, washbasins, seats, sanitary ware of plastic Slabs of marbles and granite Goods of marble and granite such as tiles Ceramic tiles of all kinds Miscellaneous articles such as vacuum flasks, lighters, Wrist watches, clocks, watch movement, watch cases, straps, parts Article of apparel & clothing accessories of leather, guts, furskin, artificial fur and other articles such as saddlery and harness for any animal Articles of cutlery, stoves, cookers and similar non electric domestic appliances Razor and razor blades Multi-functional printers, cartridges Office or desk equipment Door, windows and frames of aluminium. Articles of plaster such as board, sheet, Articles of cement or concrete or stone and artificial stone, Articles of asphalt or slate, Articles of mica Ceramic flooring blocks, pipes, conduit, pipe fitting Wall paper and wall covering Glass of all kinds and articles thereof such as mirror, safety glass, sheets, glassware Electrical, electronic weighing machinery Fire extinguishers and fire extinguishing charge Fork lifts, lifting and handling equipment, Bull dozers, excavators, loaders, road rollers, Earth moving and levelling machinery, Escalators, Cooling towers, pressure vessels, reactors Crankshaft for sewing machine, tailor's dummies, bearing housings, gears and gearing; ball or roller screws; gaskets Electrical apparatus for radio and television broadcasting Sound recording or reproducing apparatus Signalling, safety or traffic control equipment for transports Physical exercise equipment, festival and carnival equipment, swings, shooting galleries, roundabouts, gymnastic and athletic equipment All musical instruments and their parts Artificial flowers, foliage and artificial fruits Explosive, anti-knocking preparation, fireworks Cocoa butter, fat, oil powder, Extract, essence ad concentrates of coffee, miscellaneous food preparations Chocolates, Chewing gum / bubble gum Malt extract and food preparations of flour, groats, meal, starch or malt extract Waffles and wafers coated with chocolate or containing chocolate Rubber tubes and miscellaneous articles of rubber Goggles, binoculars, telescope, Cinematographic cameras and projectors, image projector, Microscope, specified laboratory equipment, specified scientific equipment such as for meteorology, hydrology, oceanography, geology Solvent, thinners, hydraulic fluids, anti-freezing preparation Items on which GST was cut from 28 per cent to 12 per cent: Wet grinders consisting of stone as grinder Tanks and other armoured fighting vehicles Items on which GST was cut from 18 per cent to 12 per cent: Condensed milk Refined sugar and sugar cubes Pasta Curry paste, mayonnaise and salad dressings, mixed condiments and mixed seasoning Diabetic food Medicinal grade oxygen Printing ink Hand bags and shopping bags of jute and cotton Hats (knitted or crocheted) Parts of specified agricultural, horticultural, forestry, harvesting or threshing machinery Specified parts of sewing machine Spectacles frames Furniture wholly made of bamboo or cane Items on which GST was cut from 18 per cent to 5 per cent: Puffed rice chikki, peanut chikki, sesame chikki, revdi, tilrevdi, khaza, kazuali, groundnut sweets gatta, kuliya Flour of potatoes put up in unit container bearing a brand name Chutney powder Fly ash Sulphur recovered in refining of crude Fly ash aggregate with 90% or more fly ash content Items on which GST was cut from 12 per cent to 5 per cent: Desiccated coconut Narrow woven fabric including cotton newar [with no refund of unutilised input tax credit] Idli, dosa batter Finished leather, chamois and composition leather Coir cordage and ropes, jute twine, coir products Fishing net and fishing hooks Worn clothing Fly ash brick Items on which GST was cut from 5 per cent to nil: Guar meal Hop cone (other than grounded, powdered or in pellet form) Certain dried vegetables such as sweet potatoes, maniac Unworked coconut shell Fish frozen or dried (not put up in unit container bearing a brand name) Khandsari sugar GST rates on aircraft engines was cut from 28 per cent/18 per cent to 5 per cent, aircraft tyres from 28 per cent to 5 per cent and aircraft seats from 28 per cent to 5 per cent. also GST rate on bangles of lac/shellac from 3 per cent GST rate to Nil. 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posaanisam Posted November 10, 2017 Author Report Posted November 10, 2017 Another big change, all restaurants will now be levied GST at 5 per cent, without input tax credit (ITC) benefits Quote
nken9354 Posted November 10, 2017 Report Posted November 10, 2017 Sampeyandi middle class odini bathakaneyakandi ra BJP m*nda kor Quote
posaanisam Posted November 10, 2017 Author Report Posted November 10, 2017 star hotels kuda antaka mundu 24.5% undedi now slashd to 18% Quote
johnubhai_01 Posted November 10, 2017 Report Posted November 10, 2017 11 minutes ago, posaanisam said: star hotels kuda antaka mundu 24.5% undedi now slashd to 18% mee lantolle kaakunda maa lanti lower middle class ki veedhi chivara hotels laanti vatillo emaina benefit unte cheppandi dora Quote
idibezwada Posted November 10, 2017 Report Posted November 10, 2017 vella matta...recycling and hybrid lanti vaati meeda 18% tax endira...hdpe meeda 18% me mamma...mallu only use recyclable plastic antaru Quote
idibezwada Posted November 10, 2017 Report Posted November 10, 2017 4 minutes ago, johnubhai_01 said: mee lantolle kaakunda maa lanti lower middle class ki veedhi chivara hotels laanti vatillo emaina benefit unte cheppandi dora DV Manorlo ulavacharu biryaniki vesina tax chusi inka bayata tinakudadu ani decide ayya.. Quote
johnubhai_01 Posted November 10, 2017 Report Posted November 10, 2017 13 minutes ago, idibezwada said: DV Manorlo ulavacharu biryaniki vesina tax chusi inka bayata tinakudadu ani decide ayya.. entha vesadenti... antha strong decision ki vachhav Quote
boeing747 Posted November 10, 2017 Report Posted November 10, 2017 Tamanna tho night set cheste entha % untundi GST Quote
posaanisam Posted November 11, 2017 Author Report Posted November 11, 2017 10 hours ago, johnubhai_01 said: mee lantolle kaakunda maa lanti lower middle class ki veedhi chivara hotels laanti vatillo emaina benefit unte cheppandi dora mikite 5% now ma lanti road side bandi batch ki no GST Quote
posaanisam Posted November 11, 2017 Author Report Posted November 11, 2017 10 hours ago, idibezwada said: vella matta...recycling and hybrid lanti vaati meeda 18% tax endira...hdpe meeda 18% me mamma...mallu only use recyclable plastic antaru antaka mundu tax to comapre cheyachu ga Quote
posaanisam Posted November 11, 2017 Author Report Posted November 11, 2017 9 hours ago, boeing747 said: Tamanna tho night set cheste entha % untundi GST luxury tax 28% Quote
posaanisam Posted November 11, 2017 Author Report Posted November 11, 2017 10 hours ago, johnubhai_01 said: entha vesadenti... antha strong decision ki vachhav 9+9% on total bill Quote
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