Govt. releases lists of goods & services receiving rate cuts, exemption; Explains 'composition' changes

Govt. releases list of items receiving GST rate cuts, states that list of 28% GST rated goods shall be pruned substantially from 224 tariff headings (about 18.5% of total tariff headings at 4-digit) to only about 50 tariff headings including 4 headings which have been partially reduced to 18% (about 4% of total tariff headings at 4-digit); Goods whose rates have been reduced from 28% to 18% include inter alia furniture, detergents, perfumes & toilet waters, beauty / make-...