The Goods and Services Tax (GST) Council has lowered GST on 17 items and six categories of services.
Now, TVs and computer monitors will attract 18 per cent GST as against 28 per cent at present. Similarly, power banks and some agricultural accessories will also have lower rate of GST at 18 per cent.
Cinema tickets costing up to ₹100 will have GST rate of 12 per cent as against 18 per cent at present. Tickets with cost more than ₹100 will attract GST rate of 18 per cent as against 28 per cent now.
This rate cut will cost ₹5000-5500 crore per annum.