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.