On 22nd December 2018 The 31st GST Council meeting was held on 22nd December 2018 at Vigyan Bhavan, Delhi. Return simplification, Refund process, tweeeking of GST law and some rate cuts in the 28% tax bracket primarily on the agenda.
In the latest 31st GST council meeting which was held on 22nd December, took some major decisions on rate reduction on multiple items coming under higher 28% slab rate. Some of the items like TVs and Monitor screen of up to 32 inches screen size, Pulleys, transmission shafts, and cranks, gearboxes etc., falling under HS Code 8483, Re-treaded or used pneumatic tires of rubber, Power banks having lithium ion batteries, Digital cameras and video camera recorders were reduced down to 18% GST rate from higher 28% GST.
Also, there were multiple items and services which were reduced from the higher GST rate to a lower rate.
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Blog source : GST Council official
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