Tag: Bachat Utsav

With the rollout of the Goods and Services tax reforms (GST reforms) on Monday, the first day of Navratri, reduced GST rates will be applicable on 375 items, covering a wide range of services – from automobiles to daily consumer items.

The GST rate rationalisation announced by the GST Council earlier this month comes into effect from today, the first day of ‘Navratri’. The Council revised GST slabs from four (5, 12, 18 and 28 per cent) to two main rates 5 per cent and 18 per cent, plus a special 40 per cent rate on select items and sin goods.