Big GST reset: Only 50 items stay in 28% slab, eating out to get cheaper

Composition scheme threshold at Rs 1.5 crore

Arun Jaitley, Union finance minister
Union finance minister Arun Jaitley

Consumers will be paying less for a wide range of items from shampoo to furniture from November 15 as the GST (goods and services tax) Council on Friday decided to cut the indirect tax from 28 per cent to 18 per cent on these and further down to 12 per cent on another two (wet grinders, and tanks and armoured vehicles), leaving only 50 items in the peak rate category. In all, 178 items have been taken out of the top tax bracket. Detergents, mattresses, marbles, ceramics, flooring, and toiletries will also cost less because all will come in the 18 per cent net. Besides, ...