Panel considers lower GST on several mass-use items

A GST panel is considering reducing rates for items like medicines and tractors to 5%, while keeping cement rates stable and potentially increasing GST on high-end EVs. Health and term insurance may also see reduced GST rates to 12% and 5%, respectively.

Oct 3, 2024 - 04:30

Panel considers lower GST on several mass-use items

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A GST panel is considering reducing rates for items like medicines and tractors to 5%, while keeping cement rates stable and potentially increasing GST on high-end EVs. Health and term insurance may also see reduced GST rates to 12% and 5%, respectively.