GST: Tax rates of 66 items, including movie tickets, lowered

New Delhi: Tax rates on certain kitchen items like pickles and mustard sauce, as well as movie tickets costing up to Rs 100 have been lowered as the Centre and states today reduced levies on 66 items. Movie tickets costing Rs 100 and below will now attract 18 per cent tax, while those above Rs 100 will continue to attract 28 per cent. Kitchen use items like pickles will attract 12 per cent GST, as against 18 per cent proposed earlier. Also, tax rates on cashew nuts have been cut to 5 per cent from 12 per cent. The GST Council also decided that traders, manufacturers and restaurant owners with turnover of up to Rs 75 lakh can opt for a composition scheme and pay taxes at the rate of 1, 2, and 5 per cent respectively.

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