Tax rates on certain kitchen items like pickles and mustard sauce as well as movie tickets costing up to Rs. 100 have been lowered as the Centre and states on Sunday reduced levies on 66 items under the incoming indirect tax regime GST (Goods and Services Tax). movie tickets costing Rs. 100 and below will **w attract tax at a rate of 18 per cent, as against 28 per cent proposed earlier, while those above Rs. 100 will continue to attract 28 per cent under GST. Kitchen use items like pickles, mustard sauce and 'morabba' will attract a 12 per cent tax under GST, as against 18 per cent proposed earlier. Also, tax rates on cashew nuts have been cut to 5 per cent from 12 per cent.
06-16-2017, 02:00 AM
GST council cuts tax on some movie tickets, school bags, other items
Tax rates on certain kitchen items like pickles and mustard sauce as well as movie tickets costing up to Rs. 100 have been lowered as the Centre and states on Sunday reduced levies on 66 items under the incoming indirect tax regime GST (Goods and Services Tax). movie tickets costing Rs. 100 and below will **w attract tax at a rate of 18 per cent, as against 28 per cent proposed earlier, while those above Rs. 100 will continue to attract 28 per cent under GST. Kitchen use items like pickles, mustard sauce and 'morabba' will attract a 12 per cent tax under GST, as against 18 per cent proposed earlier. Also, tax rates on cashew nuts have been cut to 5 per cent from 12 per cent.
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