These Items Likely To Get Cheaper On Reduced GST Rates

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 council rationalised the 28 per cent slab by shifting seven items to lower tax rates, thereby leaving only 28 items in the slab. Now, 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. (Also read: 32-inch TVs, movie tickets get cheaper; 7 items moved from 28% GST rate)

Here are some of the items moved to lower tax rates after the 31st GST Council meeting:

The new GST rates will come into effect from January 1, 2019, the government said.

(With agency inputs)