GST Council cuts rates on 23 items including TVs, no relief on cement

The Council pruned the list of items under the peak 28% slab by removing six goods, leaving only 28 now

The Goods and Services Tax (GST) Council on Saturday cut tax rates on 17 goods and six services, ranging from cinema tickets, televisions, digital cameras and Jan Dhan accounts to frozen vegetables, a move that will cost the Union and state governments about Rs 55 billion in one year and Rs 13.75 billion in the remaining three months of the current financial year. 

The Council pruned the list of items under the peak 28 per cent slab by removing six goods, leaving only 28 now, Finance Minister Arun Jaitley said. Among items that saw rate cuts from 28 per cent