GET Stock QuotesNews18 APP
News18 English
cricketnext
»
1-min read

Khakra, Roti, Real Zari Among 27 Items to Cost Less After GST Cut

The tax rate on services, including government contracts involving large labour, job work services in relation to imitation jewellery, some food and food products has been reduced from 12 per cent to 5 per cent.

News18.com

Updated:October 7, 2017, 8:40 AM IST
facebookTwittergoogleskypewhatsapp
Khakra, Roti, Real Zari Among 27 Items to Cost Less After GST Cut
File image of a Streetside vendor. (Image: Getty Images)
New Delhi: Facing severe criticism over the implementation of Goods and Services Tax, the government on Friday announced a slew of measures to ease the concerns of traders, exporters and small business while slashing the rates on 27 items of common consumption, including roti, khakra, namkeens, stationery, man-made yarn — with most of them brought to 5% category.

The tax rate on services, including government contracts involving large labour, job work services in relation to imitation jewellery, some food and food products has been reduced from 12 per cent to 5 per cent.

Tax rate on man made yarn was reduced to 12 per cent from the current 18 per cent, which is expected to provide relief to the textile industry. Moreover, tax rate on unbranded namkeen, unbranded ayurvedic medicine, e-waste, paper waste, rubber waste, plastic waste was reduced to 5 per cent.

Here’s the full list of goods and services that’ll be easier on the pocket henceforth:


Capture1

Capture3
Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 909.90 -4.60 -0.50
Dewan Housing 594.35 -8.15 -1.35
GNFC 472.60 +28.85 +6.50
Axis Bank 460.30 -4.20 -0.90
Bharti Airtel 473.75 +11.80 +2.55
Company Price Change %Gain
GNFC 472.30 +28.60 +6.45
Reliance 910.35 -3.40 -0.37
Axis Bank 460.35 -4.00 -0.86
Dewan Housing 595.40 -6.40 -1.06
Aditya Birla 183.70 +3.35 +1.86
Top Gainers
Company Price Change %Gain
Bharti Airtel 473.75 +11.80 +2.55
UPL 793.70 +4.35 +0.55
M&M 1,375.75 +5.20 +0.38
Infosys 926.95 +2.60 +0.28
Lupin 1,051.20 +2.00 +0.19
Company Price Change %Gain
Bharti Airtel 471.05 +9.50 +2.06
Lupin 1,052.50 +3.60 +0.34
Infosys 927.10 +2.65 +0.29
M&M 1,374.80 +3.50 +0.26
BHEL 84.80 +0.10 +0.12
Top Losers
Company Price Change %Gain
ICICI Bank 257.85 -5.30 -2.01
NTPC 175.05 -3.00 -1.68
Kotak Mahindra 1,077.75 -18.15 -1.66
Coal India 285.80 -4.20 -1.45
Tata Motors 426.95 -6.25 -1.44
Company Price Change %Gain
ICICI Bank 257.85 -5.20 -1.98
Kotak Mahindra 1,079.35 -18.05 -1.64
NTPC 175.15 -2.85 -1.60
Tata Motors 427.25 -6.30 -1.45
Coal India 286.20 -4.00 -1.38

Live TV