GST 2.0: The GST Council on Wednesday approved some major changes in the country’s tax system. Under this, the slab of 12 percent and 28 percent has been removed and two slabs with 5 percent and 18 percent have been kept. The new rates will be implemented from September 22. Most of the things that used to be 12 percent or 28 percent GST earlier, will now come in the category of low tax slab. That is, they will become more economical than before. At the same time, it has also been announced to collect 40 percent tax on health and some luxury items. Let us know in this sequence that the purchase of what is still beneficial and it is good to wait till 22 September to buy.
Wait a little bit for shopping for these things
Electronic appliances
GST has been reduced from 28 percent to 18 percent on 32 -inch television, monitor, projector and dish washing machines like air conditioner, LED and LCD TVs. Due to this, all these things will become cheaper.
Cultivated things related to farming
The fertilizer will now be levied 5 percent tax instead of 12-18 percent. GST is also being reduced from 18 percent to 5 percent on tractor tires and parts. Even on the purchase of tractors, now 5 percent GST will be replaced instead of 12 percent. Similarly, on bio -pesticides, micro nutrients, drip irrigation systems and sprinkler, machines used for farming, harvesting and threshing, GST will also be reduced from 12 percent to 5 percent. With this, the purchase of these things will also cost less than before.
These things related to health will also reduce
On the premium of thermometer and health and life insurance policy, GST is being reduced from 18 percent to 5 percent. Medical grade oxygen, diagnostic kits and regulations, glucometer, test strips and correct glasses will now have 5 percent GST instead of 12 percent.
Education will also be economical
Map, chart, globe, pencil, sharpener, crayon, pastel, books and notebooks, rubber things were earlier taxed at 12 percent tax, but now all these will be imposed zero tax.
Automobile will also be cheaper
Petrol and petrol hybrid cars, LPG, CNG cars (which do not exceed 1200 cc and 400 mm) have also been announced to reduce GST from 28 % to 18 %.
Their prices will also be low
Renewable energy -related devices, construction materials, play items, toys, leather products, wood items and handicrafts will also be reduced from 12 percent to 5 percent GST slab.
These things became expensive
Cigarettes, gutkha, tobacco, chewing tobacco, jarda, luxury car, super luxury goods, fast food, add sugar and carbonated drinks, personal use aircraft, casino, online gaming will soon become expensive.
Also read:
From facials to hair spa, now cheaper will have to be cheaper, government reduced GST on beauty treatment

