Goods & Services Tax (GST) Updates

Does this mean that tax rate will NOT be > 10%
 
 
1. Packaged food items sold under registered trademarks will be taxed at 5 per cent.
2. Footwear below Rs 500 to be taxed at 5 per cent, over Rs 500 at 18 per cent.
3. Zero tax for Silk, jute
4. Apparel below Rs 1,000 to be taxed at 5 per cent, over Rs 1,000 to be taxed at 12 per cent
5. Gold to be taxed at 3 per cent and biscuits at 18 per cent, says PTI quoting sources.
6. Cotton and natural fiber will be taxed at 5 per cent and man-made at 18 per cent.
7. Solar panels will be taxed at 5 per cent under GST.
8. Bidis will be taxed at 28 per cent under GST and will not attract any cess, Tendu leaves at 18 per cent.

GST Council decides tax rates for six goods: Here is the list of items
 

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