More than 50 products will now be available in cheaper rates as the Goods and Services Tax Council has reduced tax rates on these products at its 28th meeting on Saturday. Yes, products like sanitary pads, washing machines, small televisions, and refrigerators, are now having lesser tax rates.
Finance Minister Piyush Goyal told that sanitary pads will now have zero GST. Small televisions, washing machines, fridges and kitchen appliances have their tax rates slashed from 28% to 18%.
Manish Sharma, President of Consumer Electronics and Appliances Manufacturers Association said, “This is a welcome move by the government which has come at an opportune time when we are just about to prepare ourselves for the upcoming festive season.”
Goods and Services Tax Council has also approved a simplified return filing mechanism. Now, all taxpayers will need to file one monthly return with two main tables — one for reporting outward supplies and one for availing input tax credit based on invoices uploaded by the supplier.

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