20 Dec 2018Posted By: Mudit Handa

PM Modi Ji announces 99% Goods To Be Taxed Below 18% GST

The broad notion on GST from the economic perspective can be that of a very optimistic and consumer-centric tax regime. This can be clearly noticed from the rising tax base and conducive impact on the traders having GST registration, during the current fiscal year.

In a bid to further simplify the Goods and Services Tax, the honourable Prime Minister of India Sh. Narendra Modi has announced that the government would soon ensure that 99% goods attract sub-18% GST slab.

While announcing the same, the Prime Minister has also pointed towards swelling of the number of traders having GST registration. He has told that prior to the inception of the GST regime in India, there were only 65 lakh businessmen having a valid tax registration. During the first year of GST, the number of businessmen having a GST registration has now risen by 55 lakh.


#1. What does the announcement signify?

  • Prime Minister Modi Ji has predicted that very soon, all things relevant to common men will be available at GST@18% or below. This implies that GST on 99% of articles will be up to 18%.
  • Added to it, he has said that GST must be made as simple and as favourable as possible for all enterprises having a GST registration.
  • Resultantly, essential commodities such as cement, marble, air-conditioners, washing machines, dishwashers and many other such items would now become cheaper.  
  • Importantly, there are about 40 broad types of commodities that are included the highest GST slab.  


#2. Which goods are to be placed in 28% GST slab?

The Prime Minister has indicated that as earlier, the 28% slab of GST would only be confined to a few select commodities, such as luxury items e.g. luxury cars and planes; and 'demerit' (sin) goods such as tobacco, pan masala and cigarettes.


#3. How much rise is there in the number of firms having GST registration?

According to the PM, before the GST was implemented in July 2017, the enterprises having GST registration 6.6 million were around in number. That number has now risen to 12 million.


#4. When will the GST rate changes be implemented?

The changes in GST rate as announced, are likely to be implemented in the 31st GST council meeting, which is scheduled to be held on 22nd December 2018.


With that, Prime minister has acknowledged the cooperation of Indian taxpayers towards making GST a grand success-

"We see that even developed countries sometimes find it too difficult to implement trivial tax reforms. No doubt, the contribution of everyone in India has made the GST regime a success today."

If you need any help regarding GST registration procedure, feel free to contact our business advisor at 8881-069-069.

Now you can also Download E-Startup Mobile App and Never miss the latest updates relating to your business.

Give a Reply

Fill up the form

E-startupIndia Mobile App


Download our free Android App and get realtime update on your order status.
Easily connect with our professionals handling your order over chat & mobile.
Never miss business compliances due date with advance notifications.

Get E-startupIndia in your mobile

Why Choose Us

e-startupindia member of GOOGLE

Serving business owners with an Average 4.8+ Google Rating.

e-startupindia certified #AxixBank

Trusted by Axis bank to cater its clients all licensing & compliance needs.

e-startupindia NG Alliance Partner

Providing lending solutions for business needs with NeoGrowth.

e-startupindia Google Partner

Open Neo bank account worldwide & provides cross-border remittance solutions.

e-startupindia member of CII

E-startupindia is a Proudly Member of Confederation of Indian Industry.The CII is a premier business association in India which works to create an environment.

e-startupindia certified #Etstartupindia

E-Startup India is duly certified under GOI's Startup India scheme and is renowned for our tech-driven solutions for business & legal services requirements for MSMEs.

e-startupindia Google Partner

E-Startup India is a Google Partner, which implies we are rigorously involved in assisting SME businesses to market their presence in the digital world.

Popular Services

Private Limited Company | Public Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Sole Proprietorship Firm | Section 8 Company Registration | USA Company Registration | UK Company Registration | UAE Company Registration | Singapore Company Registration | Company Registration Hong Kong | Import Export Code | IEC Modification | AD Code Registration | Spice Board Registration | US FDA Certification | ISO 9001 2015 | ISO 14001 EMS | ISO 22000 FSMS | ISO 27001 ISMS | ISO 50001 Energy Management | ISO 45001 | ISO Surveillance | ISO Certification | MSME Registration | FSSAI Registration | Shop Establishment Registration | Barcode Registration | Coffee Board Registration | Startup India Certificate | ZED Certification | Trademark | Trademark Objection Reply | Trademark Opposition | Trademark Hearing | Trademark Formality Check Fail | Website Development | Patent | Copyright | Design Registration | Business Name Suggestion | Logo Designing | Trademark Assignment Service | GST Registration | GST Modification | GST Cancellation | GST Return Filing | GST Invoice Software | UIN Registration | Income Tax Return | Income Tax Notice | Income Tax Refund | Income Tax Assessment | TDS Return Filing | Form 15CA / CB | Professional Tax Registration | 12A and 80G Registration | FCRA Registration | CSR Registration | Project Report | Pitch Deck | Seed Fund Startup India | Accounting for Ecommerce | Virtual cfo services in india | Bookkeeping & Accounting | Private limited Company Annual Compliance | Form INC-22A | Form 15CA / CB | Company Strike Off | Commencement of Business | Fssai annual return | Online CA Consultancy | Income Tax Return Filling | LLP Annual Compliances | Form DIR-3 KYC | Virtual Office for Company Registration |


  • e-startupindia South Asia's Leading Multimedia News Agency
  • Business Standard
  • e-startupindia Outlook
  • e-startupindia Htmedia
  • e-startupindia Yahoo News
  • e-startupindia New Delhi Times
  • e-startupindia India.com
  • e-startupindia IBTN9