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GST on set-top boxes & optic fibre down to 18%

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NEW DELHI: The Goods and Services Tax (GST) for set top boxes has been reduced to 18 per cent from the previously announced 28 per cent.

Similarly, the GST Council also reduced the tax on coaxial cables and optical fibre to 18 per cent from the hitherto 28 per cent in both cases.

Finance Minister Arun Jaitley said: "After considering recommendations of fitment committee, rates are being reduced in the case of 66 items." 

Jaitley is also the chairman of the GST Council. He said that there were 133 representations and these were considered.

Other items relating to the electronics and the media and entertainment industry in which GST was reduced are: 

public://gst.jpg

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