The prices of these items have declined due to GST: Arun Jaitley

JUNE 12 (suryaa):Union Minister Arun Jaitley said that the tax rate of a large amount of tax on 66 items within the GST is effective from July 1. Speaking after the 16th GSTC meeting in Delhi's Vignana Bhavan, he said the merchants and citizens were examining the demands and reduced the tax rate on 66 items.

In fact, there are proposals to reduce tax on 133 items, but we have decided to reduce taxes on only 66 items. "We have also increased the scope of the government-backed scheme for producers, traders and restaurants. Earlier, the GSTC said that it will give only Rs 50 lakh turnover to companies with a turnover of 75 lakh.

Agarbatiyas - reduction to 5% from 12%.

Badam pulses - 12 to 5 percent reduction.

Food packets (fruits, vegetables, pickles) - from 18 percent to 12 percent reduction.

Computer printers - 28 percent reduction in 18 percent.

School bags - reduction from 28 to 18 percent.

Dental Waks - reduced from 28 to 18 percent.

Insulin - reduced from 12 to 5 percent.

Plastic beds are reduced from 28 to 18 percent.

Plastic turpolyne is reduced from 28 to 18 percent.

Excercisse books are reduced from 18 to 12 percent.

Taxes of 12 per cent on colouring books are fully lifted

Precast concrete pipes from 28 percent to 18 percent

The tractor components were reduced from 28 percent to 18 percent