200 daily use items' GST may be lowered today
9 Nov 2017 10:15 PM IST
Patna: Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the panel on the Goods and Services Tax Network (GSTN), on Thursday said the rates on over 200 daily-use items are expected to come down from 28 per cent to 18 per cent at the GST Council meet on Friday.
"With a view to giving further relief to small taxpayers (businessmen) and consumers at large, it is expected that tax rates will be brought down from current 28 per cent to 18 per cent on over 200 items of daily use," he said before flying to Guwahati to participate in the GST Council meet.
Items likely to see slash in tax rates are those used in every households, including sanitary ware, suitcase, wall paper, plywood, stationery articles, watch, play instruments, among others, said Modi, who heads a five-member Group of Ministers (GoM) to monitor technology-related implementation issues of the GST. The objective behind lowering tax on these items falling in top slab is to give more relief to the small businessmen and consumers, he added. Modi, who also holds portfolios of finance and commercial taxes in Bihar, said that he would raise the issues of giving more relief to small taxpayers (businessmen) at the Guwahati GST council meeting.
He said that he has held three separate meetings in past 10 days with the representatives of various trade and business bodies from different districts.
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