GST Council

It is being claimed that notebook prices will increase despite 0% GST because GST on paper used to make notebooks has gone up to 18% from 12%. But the fact is, that rate has also been reduces to 0%.

The site, launched right after the announcement of the GST Council’s latest reforms, is being pitched as a tool to make tax savings more transparent and relatable for ordinary citizens.

The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification on the revised Goods and Services Tax (GST) applicable to popcorn, refuting reports that sugar-coated or caramel popcorns would be taxed at 18% under revised rates

The GST Council has reduced tax rates on key electronics, including TVs above 32 inches, ACs, dishwashers, and monitors, from 28% to 18%.

GST on 33 life-saving drugs and medicines has been brought down from 12% to zero, offering significant relief to patients who rely on these medicines.

Luxury cars fall in the category of 'sin goods' under the new GST reforms. Sin goods have historically been heavily taxed by the government.

The GST council rolled out these revised tax rates on 3rd September. These reduced rates, however, will not be applicable to road tractors for semi-trailers with an engine capacity of more than 1800 cc.

The GST Council has removed tax on essential stationery items like pencils, erasers, notebooks, maps, and globes. Earlier taxed at 12% or 5%, these items will now be completely tax-free.

Under the GST reforms, the prices of food items and everyday essentials will be reduced significantly. For example, ready-made frozen parathas, chapatis, khakhra, pizza bread, and paneer will not be taxed.

The Goods and Services Tax Council on Saturday decided to make the GST on used cars uniform for businesses by raising the 12% slab to 18%