- Friday, April 26, 2024
By: Eastern Eye Staff
The Goods and Services Tax (GST) Council gave relief to consumers and industry on Friday and decided to reduce rates for 178 items — mainly mass consumption products — to 18 per cent from the earlier 28 per cent. These items include furniture, detergents, shampoos, hair dyes, beauty products, perfumes, fans, lamps and mattresses. Eating out in restaurants — both AC and non AC — would also become cheaper as they have been moved to the tax rate of 5 per cent from the 18 per cent earlier. However, an Input Tax Credit which was given to restaurants will now…
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