Finance Minister Arun Jaitley said on Saturday, ending the left items are completely under GST’s 4-slab tax structure. He heads the GST council, and release his statement after 15th meeting of the council that, After a lot of debates on gold, which is currently having an exercise of 1% and state charge 1% VAT, Now finalize on 3% for gold and gold jewelry.
He further added that To keep the audit trail of transaction rough diamonds have been levied a nominal tax of 0.25%. 18% taxed on the beedi leaf or tendon, beds will be levied taxes at 28%, Beedi leaf and bead will not attract cases over and above this tax, but cigarette will have cars.
5% taxed at Rs 500 below costing of footwear, if the cost more than this than 18% tax will charge. The manufactured apparel costing less than Rs 1,000 would be taxed at 5%.
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