New Delhi, 29/5:The Centre will raise taxes on certain goods and services including kitchenware to 18% from 12%, the finance ministry said in a statement, a move that is likely to upset many consumers and businesses facing rising inflation.
Kitchen utensils, LED lights, farm machinery, solar water systems as well as services like work contracts for roads, irrigation projects, hospitals and educational institutions would now be charged at 18% from an earlier rate of 12%, the statement said.
The Goods and Services Tax Council, comprising top federal and state finance ministers, decided to rationalise tax rates on certain goods and services to remove an inverted duty structure, Nirmala Sitharaman, the union finance minister, told reporters on Wednesday after a two-day meeting in Chandigarh.
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