Rates for most items and services under the Goods and Services Tax have been finalised in the two-day meeting of the GST Council that ended on Friday. While the rates on key daily use items like sugar, tea and hair oil have come down, they have been increased for luxury and sin products. Eating out in a five-star restaurant will be taxed at the highest bracket.
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BloombergQuint, in collaboration with tax consultancy SKP Business Consulting LLP, breaks down how the rates under GST compare with the current tax structure. The calculations took into account Maharashtra VAT, which means existing rates may vary for other states. Here’s the list...
Rates Up For Mobile Phones, Refrigerators
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Shampoos, Perfumes May Cost More
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Higher Rate On Electric Hot Plates
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Wallpaper, Paints In Highest Slab
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No Tax On Condoms
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Lower Tax On Kerosene
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Plastic Products To Cost More
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Eating Out, Phone Calls Costlier
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