By Admin 
Gst on salon services: Many major decisions were taken in the GST Council meeting held on Wednesday. Some necessary changes were made in the eight year old tax regime. The slab of 5 percent and 18 percent was approved by abolishing 12 percent and 28 percent tax slab. GST has been reduced due to many important things to be used in everyday life, which will make these goods cheap. This will give great relief to the general public of the country. In this sequence, your expenditure on the salon will also decrease.
Beauty treatment will now cost less
The GST Council has reduced GST from 18 percent to 5 percent on beauty and physical well being services, that too without input tax credit (ITC). These include salons, fitness centers, barber, yoga and health club, etc. That is, if you are booking a haircut, facial, massage or fitness session now, then you will have to pay the service charge much less. It is a part of GST reforms, which aim to make the services required and generally more economical.
Prices of personal care will reduce prices
Along with the salon, the government has also reduced GST on many things related to personal care and hygiene like soap, shampoo. Toilet soap bars will now have only 5 percent GST. This step has been taken for the purpose of reducing the monthly expenses of lower and middle income group families. GST has also been reduced to 5 percent on face powder and shampoo. Dental hygiene products like toothpaste, toothbrush and dental floss have also been brought into 5 percent slab. However, the mouthwash is out of this list.
It is expected that the GST cut will increase the demand for beauty products and cosmetics because due to reduced tax, people will feel economical than before. The GST Council has approved 5 percent and 18 percent tax slab by removing 12 percent and 28 percent slabs in a meeting held on 3 September. Apart from these, 40 percent tax has also been announced on Sin Goods and luxury items such as chewed tobacco products, beedi, etc.
Also read:
GST 2.0: Puffing cigarettes will be heavy on the pocket, now more money will have to be spent on the use of these things