There is a possibility of increase in GST on goods from kitchen to cosmetics, see which goods can be expensive?

GST News: The GST Council is going to meet on October 20 to review the GST rates. In which there is a possibility of change in GST rates of more than 100 items. Experts are expressing the possibility that a group of ministers of 11 states under the leadership of the Finance Minister will take important decisions on the GST issue.

All these things can be expensive: GST may increase on some white goods including hair dryers and cosmetic products. White goods include electronics including refrigerator, washing machine, AC, dishwasher, microwave, oven and water heater.

West Bengal Finance Minister Chandrima Banerjee has sought to increase GST on some white goods, including hair dryers and cosmetic products. There has also been a demand to reconsider the rate cut on white goods items in 2018 to increase revenue.

Decision can also be taken on the fancy number plate of the car

Apart from this, decision can also be taken on the fancy number plate of the car. GST may be levied on auction of fancy car number plates. A decision to reduce GST on insurance premium can also be announced. For the last few months, there has been a demand to remove GST on life and health insurance.

It is noteworthy that in September 2024, the total GST collection has increased by 6.5 percent to Rs 1.73 lakh crore. GST collection in the month of August was Rs. Was 1.75 lakh crore. Under GST in the month of July, Rs. Earned Rs 1.81 lakh crore.