TV, movie tickets to be cheaper as govt cuts GST rates on 23 items

On Saturday, the tax commission on goods and services brought Christmas wealth to ordinary people, reducing the tax rate on 23 kinds of goods and services, including movie tickets, television, monitoring screens and electricity banks, and exempt from tax on frozen and pickled vegetables.
Finance Minister Arun Jaitley told reporters after 31 council meetings in New Delhi that the reduced interest rate may come into effect from January 1, 2019.
Of the 23 goods and services that cut the tax rate, seven of the 28-cent tablets have been cut.
With this, there are only 28 items left in the tax class of up to 28 cents.
Goods whose GST has fallen from the current 28 age points to 18 age points include pulleys, drive shafts and cranks, gear boxes, back tires or old tires, power groups for lithium-ion batteries, digital cameras, cameras and game consoles.
With the exception of cars, the 28-cent tablet is now limited to luxury goods and sinful goods.
Parts and cement-
Tax rates that cannot be reduced due to high income.
\"Reasonable interest rates are an ongoing process.
When the original tax rate is fixed, the tax rate in India is the most unreasonable.
Most of these items were charged 31 cents, along with the chain effect.
So we just put them on 28 for the time being because if we drop it down immediately, then the impact of income will come, so social spending in the central and state governments will be affected.
\"So we followed a more realistic pragmatic and prudent policy, and we gradually reduced our income as we increased our income and our affordability.
So the grade of 28 cents has gone to sunset, with the exception of luxury and sinful items, 3 items used by high-income groups and only 1 ordinary item left, jaitley said, in addition to luxury and sinful goods, items of heavy use such as cement and White items such as air conditioners and dishwashers remain on the 28-cent slate.
\"The next goal will be to rationalize the tax rate of cement as the burden capacity increases,\" Jaitley said . \" He added that reducing taxes on goods and services for cement would cost the finance 13,000 rupees a year.
He said the impact of the rate cut on annual income will be Rs 5,500.
The goods and services tax on movie tickets has been reduced from Rs 100 to Rs 100, and tickets have exceeded RS to attract rs gst, compared with RS earlier.
This will bring in an income of Rs 900 a year.
Up to 32 inch of display and television screens and power banks will attract 18 cents in goods and services taxes, up from 28 cents earlier.
Therefore, the annual loss of income is Rs 1,500.
Before the rate was rationalized, Prime Minister Narendra Modi said on Tuesday that the 28-cent GST would be limited to only a handful of selected goods, he said, his government wants to ensure that \"99 cents of goods will attract 18 cents or less in goods and services taxes.
Other items that will now be subject to an 18-point tax include pulleys, drive shafts and cranks, gear boxes, back or old tires, lithium-ion battery power groups, digital cameras, cameras and game consoles.
The current rate of attraction for these projects is 28.
The GST Committee also decided to reduce the duty rate on parts and accessories for disabled cars from 28 to 5.
In addition, third-party insurance premiums for goods carrying vehicles also fell from 18 per cent to 12 per cent.
Other goods will attract lower tax rates on goods and services, including marble rubble, natural cork, crutches, and fly ash blocks.
Frozen music books and vegetables (steamed or boiled without cooking or in water ), brands temporarily preserved but not suitable for immediate consumption in the state and placed in a unit container and vegetables have been exempted from GST.
According to Dhan Yojana on January, the services provided by banks to holders of deposit accounts of basic savings banks do not attract GST.
Air travel by non-pilgrims
According to bilateral arrangements, the regular/charter business that the government is promoting will attract a 5% reduction in the tax rate on goods and services.
The council decided to impose a 5% tax on renewable energy equipment and its manufactured parts.
When asked about his message to the industry about interest rate cut benefits, Jaitley said
The authority that has been active in profiteering.
Of course, they have to pass on rate benefits.
Or we will do what we do at the restaurant \".
Jaitley also said that the council had decided that goods and services taxes should be paid and returns should be submitted, but that businesses that have not paid so far should submit them by March 31, 2019 to avoid fines.
The director of the tax bureau, Ajay Bushang Pandi, said that the new return filing system will be piloted from April 2019 and enforced from July 1, 2019.
The GST Commission also decided to set up a pre-ruling central authority to hear cases of two different judgments passed by AARs in two different states.