Tax Rate Reduction: Here’s a list of items that has got much cheaper

GST, Vyapar, business, tax, price

Exempted from GST: (Zero Tax Rate)

  1. Sanitary pads.
  2. Deities made of stone, marbles or wood.
  3. Rakhis, without any precious metals.
  4. The raw material used in brooms.
  5. Commemorative coins circulated by the RBI or government.
  6. Saal leaves
  7. Fortified milk

From 12to 5%

  1. Handloom dari
  2. Fertiliser grade phosphoric acid

From 28to 18 %

  1. Lithium-ion batteries reduced
  2. Vacuum cleaners
  3. Food grinders, mixers
  4. Shavers, hair clippers
  5. Storage water heaters
  6. Electric smoothing irons
  7. Watercooler
  8. Ice cream freezer
  9. Refrigerators
  10. Hand dryers
  11. Cosmetics
  12. Perfumes
  13. Scents
  14. Paint
  15. Varnishes

Now that’s a big relief to all the taxpayers. Hope we have more of such decisions coming up.

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Happy Vyaparing!!!

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