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Reduced GST on 178 items in India effective from Nov 15
17
Nov '17
Reduced GST on 178 items in India effective from Nov 15
The rate changes on goods and services tax (GST) on 178 items recommended at the 23rd meeting of the GST Council held on the November 10 became effective from November 15. The tax on these items has been reduced from 28 to 18 per cent. There will be a corresponding reduction in maximum retail prices of these goods, according to an official press release.

The goods include articles of apparel and clothing; accessories of leather, guts, furskin, artificial fur and other goods, such as saddlery and harness for any animal; crankshaft for sewing machine; tailor’s dummies, bearing housings, gears and gearing; ball or roller screws, gaskets; furniture; mattress, bedding and similar furnishing. (DS)

Fibre2Fashion News Desk – India


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