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32-Inch TVs, Movie Tickets Get Cheaper; 7 Items Moved From 28% GST Rate
The GST Council also removed four items from 18 per cent slab The finance minister said rate rationalisation is an ongoing process GST sets rates from 28 per cent to 5 per cent on most items
22 Dec 2018, 05:57 PM IST 
GST meeting: The new GST rates will take effect from January 1, 2019, Finance Ministry Arun Jaitley said.
Now, the 28 per cent slab is restricted to only luxury and sin goods, apart from auto parts and cement -- tax rates on which could not be cut due to high revenue implication.
The GST Council also removed four items from 18 per cent slab. Out of these four, three were moved to the 12 per cent slab while one was shifted to 5 per cent.
The three items which will now attract a 12 per cent tax under GST, instead of the existing 18 per...
