New GST Slabs will Implimented from September 22. According to the new rules, no more GST will be levied on items like life insurance, health insurance, cheese, paneer, roti, pizza bread, powdered milk, paratha, maps, charts, globes, pencils, notebooks, books and rubber.
Many domestic products, which were earlier taxed at 12%, have now been brought under the 5% tax slab.The list includes hair oil, toilet soap, shampoo, toothbrush, toothpaste, bicycle, kitchenware, snacks, bhajiya, sauce, pasta, chocolate, coffee, noodles, ghee, butter, sewing machines and their parts, napkins, clinical diapers, small children’s milk bottles, tractors, tractor tires, and parts also included.
Along with this, taxes have also been reduced or completely waived on certain organic fertilizers and equipment used in the agricultural sector, thermometers, oxygen used in hospitals, diagnostic kits, glucometers, and life-saving medicines, etc.This change is expected to significantly reduce the tax burden on the public.
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