New Delhi: Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime.
There were 34 items in the 28 per cent tax bracket which included luxury and 'sin goods' till now. However, the GST Council in its meeting on Saturday decided to take out 6 items from this list.
Six items - such as pulleys gear boxes, monitors and TVs (up to 32 inches), digital cameras and video game consoles - moved from 28 per cent to 18 per cent while one item - parts and accessories for carriages for people with disabilities - moved from 28 per cent to 5 per cent, the release added. The new GST rates will be effective from January 1, 2019.
Only 28 items now remain in the 28 per cent GST tax bracket.(IANS)
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