GST : Expect power banks, 32-inch TVs and digital cameras to become cheaper starting January 1

Expect power banks, 32-inch TVs and digital cameras to become cheaper starting January 1. These are among the seven items that will now attract GST of 18% from 28% earlier. “The 28% bracket is gradually moving to sunset. The next target will be rate rationalisation in cement as and when affordability improves,” Finance Minister Arun Jaitley said. In all, the GST Council cut tax rates on 22 items. But the move will cause an annual revenue loss of ₹5,500 crore. Here’s the full list of everything that will get cheaper.