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GST Council cut tax rates on daily essentials to 5% from 18% and 12% slabs
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Products like hair oil and toothpaste now attract 5% GST instead of 18%
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Dairy items, pre-packaged snacks, and baby essentials GST reduced to 5% from 12%
The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, announced on Wednesday a sweeping cut in tax rates on daily essentials at its 56th meeting.
In a press conference, the council said the GST on a wide range of commonly used products has been brought down to 5%, slashed from the earlier 18% and 12% slabs.
Products such as hair oil, shampoo, toothpaste, toilet soaps, toothbrushes and shaving cream, earlier taxed at 18%, will now attract just 5%.
Similarly, items in the 12% bracket including dairy items, pre-packaged snacks, utensils, baby essentials and sewing machines and their parts will also see rates reduced to 5%.
The move is expected to bring significant relief to households, with prices of both food and non-food essentials likely to ease in the coming weeks.
(Source: CBIC/X)
(Source: CBIC/X)
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