National

Over 60 products set to get cheaper

NEW DELHI, JUL 21 (AGENCIES) | Publish Date: 7/21/2018 11:51:10 PM IST
The powerful GST council Saturday cut tax rates on over 60 products including washing machines and refrigerators and simplified compliance norms for most businesses. The new tax rates will be applicable from July 27.
The move is seen as part of an effort by the NDA government to counter resentment before the 2019 general elections over the way GST was hurriedly implemented last year, hitting businesses and the public.
The government has been frequently criticised by the opposition for the large number of returns that businesses have to file and the long list of goods in the 28 per cent bracket that was initially meant for a handful of luxury goods to be taxed at the highest rate.

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