Computer screens, power banks likely to take GST cuts on Saturday

Big-ticket rate cuts unlikely at upcoming Council meet owing to revenue shortfall

The goods and services tax (GST) rates for items such as computer screens and power banks are likely to be slashed from 28 per cent to 18 per cent at the GST Council meeting on Saturday. 

However, the Council would refrain from reducing the rates for big-ticket items such as cement and auto parts, which are part of the 35 items that fall in the top slab.  

Thomas Isaac, finance minister of Kerala, told Business Standard any rate cut at this point of time would not be right, and should be avoided. 

“We are rushing through rate cuts, and it