Soon the GST Council can make a big announcement. It is reported that 12 % of GST’s tax slab may end in the GST Council meeting. If this happens, clothes from milk, curd, cheese to top of 1000 rupees, shoes up to 1000 rupees, preservative fish, brick, clean energy devices, condensed milk and many items can be cheap. By the way, some items coming in 12 percent tax slab can also be added to 18 percent slab. By the way, the government wants everyday items to be put in a tax slab of 5 percent. Let us also tell you that if 12 percent tax slab was abolished, which goods can be cheaper.
Which goods and services are charged 12 % GST
Stuff in 12 % GST slab: Consideration of butter, ghee, processed food, almonds, mobiles, fruit juice, vegetables, fruits, fruits or other parts of plants including pickles, marmalade, marmalade, chutney, jam, jelly, packed coconut water, umbrella, clothes, more than 1000 rupees, more than 1000 rupees.
12 % GST services in GST slab: Hotel houses (up to Rs 7,500 per night), passenger transport by air in non-economy class, some construction work, some multimodal transportation services and some commercial work are included.
Will there be cheap goods and services?
Now the biggest question is whether the goods and services coming under 12 percent will be cheaper or not. The news quoting sources is that after finishing 12 percent tax slab, daily use goods can be added to 5 % tax slab in it. The idea of putting the remaining products in a tax slab of 18 percent. However, it is not yet known which item or service will be kept in which slab. This will be known only when the GST Council takes a final decision on this matter.
How many tax slabs are present in the present time
Currently, 4 tax slabs have been kept under GST. In which 5 percent tax slab is the lowest. After that there is a tax slab of 12 percent, which is coming to the fore. After that a tax slab of 18 percent has been kept. In the end, there is a tax slab of 24 percent. In which premiems products have been kept. According to experts, the purpose of abolishing 12 percent tax slab is to reduce inflation and make everyday goods cheaper. So that the problems of common people can be reduced.