GST Council in its meeting on 11th June, 2017, reduced the rates of 66 items. Insulin, pickles, computer printers, agarbatti, school bags, coloring books, and cashew nuts are among the 66.
Tax rate of items reduced from 12% to 5% – Insulin, cashew nut , agarbattis
Tax rate of items reduced from 28% to 18% – school bags, printers, ,tractor parts, movie tickets up to Rs.100/-
Nil rate – Coloring books
Providing relief to small entities under the GST, the composition scheme has now been expanded to traders, manufacturers, and restaurants with an annual turnover of Rs 75 lakh as against Rs 50 lakh decided earlier.
Please click the link below for the Complete list.
Karthik & Sunil 