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India cuts GST rates

  • Jun 18, 2019 | Richard Asquith

India has reclassified a range of goods to benefit from lower Goods and Services Tax rates this week.

The GST Council, which oversees the operations of the GST regime, agreed on 15 June 2019 to move a range of consumer goods from the top rate of 28% to the 18% band. This included televisions, batteries and cinema entrance. The council has so far taken more than 190 items, including washing machines and leather goods, out of the highest tax rate. Only 34 items - mostly luxury goods - remain in the top slab of 28 percent. This includes alcohol and tobacco.

The move comes in the middle of the general election campaign.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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