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

GST Council Meeting: Two-Rate Tax Slab To Be Effective From Sept. 22; Rates Slashed From Roti, Paratha To TVs
GST on small electric cars, electric SUVs and luxury electric cars to remain at 5%.(Source: Canva)
The GST Council has announced that the tax slabs have now been cut to two. Essentials such as milk, paneer, butter and life-saving medicines have been granted steep GST cuts or exemptions, while tobacco products, aerated drinks, luxury cars and yachts will attract higher taxes of up to 40%.
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