Audio Bulletin: Govt slashes tax on 23 goods & services including movie tickets

The Goods and Services Tax (GST) Council on Saturday announced deduction in prices of goods such as television sets, cinema tickets, video games, power banks etc from the top 28 per cent slab to 18 per cent. Chaired by Finance Minister Arun Jaitley, the 31st GST Council meeting took place in the national capital and announced that GST rates on six out of 34 items have been slashed from the top 28 per cent slab. Speaking to reporters after the meeting, Jaitley informed that the 28 per cent slab rate is now applicable on only 34 items which fall under the luxury segment.