GST rates to be cut on 20 litre water bottles and bicycles to 5%, raised for luxury shoes, watches, and beauty products

Oct 19, 2024 6:21 PM IST

The estimated revenue gain from all the new changes made by the GoM on GST rationalisation would be ₹22,000 crore

The GoM on GST rationalisation was formed this time after the average GST rate fell below the revenue neutral rate of 15.3%

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News business GST rates to be cut on 20 litre water bottles and bicycles to 5%, raised for luxury shoes, watches, and beauty products