Updates on 16 th GST council Meet held on 11 th June 2017

The 16th GST council just a few weeks before the roll out of GST has lowered the tax rates for more

than 66 items.This meeting was held on 11 th June on a Sunday. The meeting has provided relaxation in

many sectors by bringing down the tax rates.

For packaged food like pickles and morabba which was put under 18% slab are brought down to 12%

slab.The dry fruits like cashewnut which was kept previously under 12% slab has been put back in 5 %

slab bringing relief to the consumer.

Coming to the entertainment zone the council decided that the movie tickets above Rs.100 will be

continued to be taxed at 28% while the movie tickets below Rs.100 will attract 18%.

The rate on sanitary napkin which was expecting a tax reduction remains unaltered and remains in

the 12% slab as decided earlier. The insulin which was taxed at 12% before GST will be taxed at 5% in

the new GST regime.

The Gem & Jewellery sector will be liable at 5% while the computer printers will be taxed at 18% from

28%.The council has also brought down the taxation rates on Agarbatti and pooja items which was

revised from 12% to 5 %

For children who are fond of colors it’s a happy news as the coloring books is revised from 12% to NIL

rate. The exercise books will be revised from 18% to 12% helping to curtail educational cost. The next

meeting will be held on 18 th June, 2017 where the discussion will be done on E way bills and lottery.

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1 Response

  1. Rajan Srivastav says:

    book buy karna hai bhai

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