The goods and services tax council on Saturday decided to slash tax rates several items.

Finance Minister Arun Jaitley announced the decisions taken in the meet:

Gold Rate

13 May 2025

Gold 24 KT 94,300/-

Gold 22 KT 87,700/-

Silver/Kg 97,300/-

Platinum 44,000/-

Recommended rate for Nagpur sarafa Making charges minimum 13% and above

– Now, 28% slab rate is only applicable on 34 luxury items

– GST on economy class air tickets reduced to 5% and business class air tickets to 12%

– GST on movie tickets costing up to Rs 100 cut to 12 % from 18%; tickets over Rs 100 to attract 18% GST, against 28% earlier

– Monitors and television screens, tyres, power banks of Lithium-ion batteries have brought down from 28% to 18% slab

– Accessories for carriages for specially abled persons have been brought down to 5%

– Services supplied by the banks to Jan-Dhan account holders will be exempted from GST

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