"Besides revenue collection, the GST council will now focus on job creation as well".
Earlier this year, Akshay had starred in his home productions film Pad Man, which narrated the story of Arunachalam Muruganantham, who introduced the low-priced sanitary napkins.
According to Indian Express, The items which have been transferred from the 28 per cent tax bracket to 18 per cent include paint/varnish, refrigerator, washing machine, lithium-ion battery, vacuum cleaner, food grinder/mixer, water heater, hair dryer, TV up to 68 cm.
A report in Business Standard on Monday noted that the "unconventional approach" to rate reduction on Saturday left several state finance ministers calling the process "undemocratic, unpleasant and non-egalitarian".
"Big relief for hotels as GST rate of 28 per cent would not apply if the actual tariff value is less than 7,500 even though the published tariff may be more than 7,500; this will also ease the IT systems for hotel players".
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Hours after the Centre's Narendra Modi government announced it had made GST free, Bollywood actor Akshay Kumar said that the decision had brought tears in his eyes.
"Out of the 49 items now taxed at the highest rate of 28%, rates on 17 have been reduced to 18%", Pratik Jain, partner & leader, indirect tax, PwC, said in a note.
The Council also decided that taxpayers with turnover up to '5 crore will continue to pay monthly tax, but file returns only once a quarter. Finance Minister Piyush Goyal said the modalities of this would be laid out by the GST Network.
This is the third round of cuts in recent times, with the council also having reduced the number of products under higher slabs in November 2017 and then again in January this year.
Last year, lawmaker Sushmita Dev launched a petition to demand a reduction or total removal of taxes on pads, citing that about 70 percent of women in India could not afford them.
The minister further informed that the council would have a special meeting on August 4 to address concern of small and medium enterprises.
It was meant to unify India's economy into a single market, with four tax rates of 5, 12, 18 and 28 percent.
These amendments will now be placed before Parliament and the legislature of the state and Union territories for carrying out the amendments in the respective GST acts, the minister said.