GST: Let us tell you that after the consent of the states, many things will be out of the Exempt List. It has jaggery and papad in it. In such a situation, customers will have to pay more money to buy those things.
Goods and Services Tax: The common man may get hit by inflation. The GST Council, which regulates GST, has sought suggestions from the states to increase the tax GST slab on 143 items.
If there is an agreement on these suggestions also from the states, then inflation is going to trouble the common man further. Let us tell you that the GST Council has suggested to increase the GST slab of a total of 143 items.
According to the report published in the Indian Express, these 143 items include papad, jaggery, power bank, watch, suitcase, perfume, TV (up to 32 inches), chocolate, clothes, goggles, frame, washbasin . Prices of walnuts, custard powder, hand bags, chewing gum, non-alcoholic drinks, glasses and leather items may increase.
Let us inform that the GST Council has suggested that out of this, the price of about 92 percent of the items should be shifted from the 18 percent GST tax slab to about 28 percent tax slab. Along with this, many things are also being considered by removing them from the Exempt List and bringing them under the purview of tax. Let us tell you that the GST Council can also take back the things for which the GST rates were cut in November 2017 and 2018.
In the GST Council meeting held in Guwahati in the year 2017, GST was cut in the goods of perfumes, leather goods, clothes, cosmetic products, firecrackers, plastics, laps, sound recorders, etc. If the current recommendations of the GST Council are accepted, then now you will have to pay more money on all these things.
Along with this, you may also get an increase in the prices of TV sets (32 inches), digital and video cameras, power banks, etc. In the GST meeting of the year 2018, the price of all these things was cut.
These things will be out of the Exempt List,
let us tell you that after the consent of the states, many things will be out of the Exempt List. It has jaggery and papad in it. In such a situation, customers will have to pay more money to buy those things.
At the same time, 18 percent of many things like hand bags, washbasins, razors, chocolates, cocoa powder, wristwatches, coffee, non-alcoholic drinks, dental floss, perfumes, household items, doors, electrical items etc. To be removed from the GST slab of 28% and placed in the GST slab of 28 percent.
