Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
August 23, Wednesday 2017 5:35 PM       

       HEADLINES: Kanthapuram says Triple Talaq ia part of religious freedom                                              CPM welcomes SC order on triple talaq: M A Baby                                              Union election in Maharajas: Mridula, girls' team win                                              Having denied leave, cop attempts suicide                                              Again, custodial death in Kerala                                              Kaifiyat Express derails in UP, 50 injured                                              Lt. Col. Purohit released from Taloja jail after nine years                                              Suresh Prabhu Offers to resign as Railway minister                                              Trump pulls up Pak for providing safe havens to terrorists                                              US-led strikes kill 42 civilians in Syria's Raqqa                                              Afghan to become ‘graveyard’ for US: Taliban                                              Here are the winners of 2017 Khel Ratna, Arjuna and Dronocharya awards                                              Vani set to extend winning run on Hero Women's Pro Tour                                              Kaumudi Facebook
       BUSINESS Next Article: GST Council revises rates for cinema tickets  
       GST: Lowers tax for 66 items, price of coir and cashew to go down
 
         Posted on :11:11:46 Jun 12, 2017
   
A A
       Last edited on:11:11:46 Jun 12, 2017
         Tags: GST, Lowers tax for 66 items
 

NEW DELHI: Tax rates on cashew nuts and coir have been cut to 5 per cent from 12 per cent as the Centre and states reduced levies on 66 items.

Kitchen use items like pickles, mustard sauce and morabba will attract 12 per cent GST, as against 18 per cent proposed earlier. Also, tax rates on certain kitchen items like pickles and mustard sauce, as well as movie tickets costing up to Rs. 100 have been lowered.

Movie tickets costing Rs 100 and below will now attract 18 per cent tax, as against 28 per cent proposed earlier, while those above Rs 100 will continue to attract 28 per cent GST.

The GST Council also decided that traders, manufacturers and restaurant owners with turnover of up to Rs. 75 lakh can opt for a composition scheme and pay taxes at the rate of 1, 2, and 5 per cent respectively.

The Council also lowered GST rates on children's drawing books to nil from 12 per cent. Computer printers will attract 18 per cent tax as against 28 per cent earlier.

GST on insulin and agarbatti has also been lowered to 5 per cent, while school bags will attract tax of 18 per cent.

Tax rate on kajal has been lowered to 18 per cent from 28 per cent.

"GST Council has reduced tax rates of 66 items as against representations received for 133 items," Finance Minister Arun Jaitley told reporters here after the 16th meeting of the GST Council.

Next meeting of the Council will be on June 18, when it will take up lottery taxes and e-way bill.

On the issue of review of GST rate on hybrid cars, it was decided that the council will take it up after considering states' comments on a detailed paper issued on the matter earlier.

A A
       BUSINESS
Next Article: GST Council revises rates for cinema tickets
 
 
BUSINESS HEADLINES
Sensex back in green, Infosys closes up too  
PSU bank employees go on strike; services hit  
Johnson & Johnson ordered to pay Rs. 2600 cr in lawsuit linking baby powder to cancer  
PSU bank strike on Tuesday may affect services  
Markets extend losses, Infosys pulls down Sensex  
BOI considering reduction in SB rate  
Sensex slips into red, down 29 pts in late morning deals  
Banks stare at union strike on Tuesday, services may be hit  
NABARD sanctions Rs 1,350-cr loan to Rajasthan govt  
Murthy's shadow to loom large over search for Infy CEO  
Post note ban, separatists, Reds feel "fund-starved": Jaitley  
US law firms initiate investigation against Infosys  
Infosys board approves up to Rs. 13,000 cr buyback offer  
RBI to issue new fluorescent blue Rs 50 notes  
PM to launch Rs 15k-cr road projects in Rajasthan  
Sikka quits Infosys after Murthy campaign  
Nifty snaps 3-day winning spree, down 67 pts  
Maruti rolls out sporty 'Ciaz S' at Rs 9.39 lakh  
RBI still has room to slash rate in current fiscal: Kidwai  
Our full sympathy with agitating Noida home buyers: FM  
Videocon names Rajesh Rathi as business head  
Sensex surges 235 pts as geo-political tensions ease  
Sensex jumps 191 points, ignores weak IIP data  
Trai website to soon display telcos' tariff plans: Sharma  
NPA resolution to spur credit expansion, growth: Panagariya  
 
Do you support SC verdict on Triple Talaq?
Yes
 
No
 
Don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy