''Good And Simple Tax'' Replaced "Congress Legacy Tax": Arun Jaitley

In a Facebook post, Mr Jaitley termed the pre-GST indirect tax regime as "Congress Legacy Tax".

NEW DELHI: Union Minister Arun Jaitley today exuded confidence that GST rates on cement, ACs and televisions will be cut as tax revenues from them increase, and only luxury and sin goods will attract the highest slab of 28 per cent.

In a Facebook post, Mr Jaitley termed the pre-GST indirect tax regime, during which most of the household items attracted a levy of 31 per cent, as "Congress Legacy Tax".

The past one year, he added, has seen rate reduction in 384 commodities.

Goods and Services Tax (GST), which subsumed 17 local taxes, was rolled out on July 1, 2017. "Today, the 28 per cent category is being phased out. Bulk of the items remaining in this category, are luxury items or sin goods. The other items outside the luxury-sin goods category are cement, air-conditioners, large screen televisions and a handful of others, Mr Jaitley said.

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