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Next-Gen Reforms: Zero GST On Notebooks, Stationery Items, Maps And Charts

The GST council has also approved a two-tier rate structure of 5% and 18%, replacing the existing four major slabs — 5%, 12%, 18%, and 28%.

Prajwal Jayaraj

goods and services tax or GST (Photo: Canva Stock.)

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Summary is AI Generated. Newsroom Reviewed

  • GST on maps, charts and globes reduced from 12% to nil
  • Pencils, sharpeners, crayons and pastels now exempt from GST
  • Exercise books and notebooks GST cut from 12% to zero
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The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, announced on Wednesday a sweeping cut in tax rates. The GST rate on maps, charts and globes will be reduced to nil from 12%.

Pencils, sharpeners, crayons and pastels will also see GST removed from 12%, according to a press release from the Union government on Wednesday.

Exercise books and notebooks, also formerly at 12% GST taxation, now have no tax on them. Erasers will also similarly have no GST compared to the previous GST of 5%.

The GST council has also approved a two-tier rate structure of 5% and 18%, replacing the existing four major slabs — 5%, 12%, 18%, and 28%. The changes will take effect from Sept. 22, with phased implementation for certain items.

Also Read: GST Council Meeting: Two-Rate Tax Slab To Be Effective From Sept. 22; Rates Slashed From Roti, Paratha To TVs

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Prajwal Jayaraj
Prajwal Jayaraj covers business news for NDTV Profit. He holds a postgradua... more
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