GST on 30 Daily-Use Items Reduced

Vastavam web:The GST rates on about 30 items like roasted gram, idli/dosa batter, oilcakes, raincoats, kitchen gas lighter rubber bands were reduced. Mid-sized and luxury cars and SUVs will cost more after the GST Council decided to levy an additional 2 to 7 per cent cess on them but exempted small and hybrid cars from any hike. A 2 per cent additional cess will be levied on mid-sized cars, 5 per cent on large cars and 7 per cent on SUVs, taking the total incidence of taxation to pre-GST levels, Finance Minister Arun Jaitley said after an 8-hour long meeting of the GST Council in Hyderabad. The council, headed by Jaitley, however, decided not to levy any additional tax on small petrol and diesel cars of up to 1200 cc as well as on hybrid ones. The date of implementation of the additional cess will be notified later. “Small petrol and diesel cars enjoyed a tax advantage of 3 per cent post GST. But status quo will be maintained on small petrol diesel cars, so even if it has got cheaper let consumers enjoy the benefit,” Jaitley said.