New GST Rates amid 12th July 50th GST council Meeting

GGST rates Increased or Decreased

The 50th GST council meeting that took place on 12th July Tuesday has the below outcomes:

ITEMS/PARTICULARS/PRODUCTS/SERVICES	CURRENT GST RATES (OLD RATES)	MODIFIED GST RATES (NEW RATES)
Quarziba Medicine	12%	NIL ( Not Taxable)
FSMP (Medicines & Food for special Medical Purposes.	12%	NIL ( Not Taxable)
Imitation (Copying/duplicity) of Zari Thread	12%	5%
LD slag	18%	5%
Uncooked/Unfried snack pellets	18%	5%
Fish Soluble paste	18%	5%
Private Satellite Launch Service	18%	NIL ( Not Taxable)
Food and beverages when sold with Cinema Ticket.	18%	5%
Gaming /Horse Racing / Casino	18%	28%
Cess on Utility Vehicles (If certain Parameters Met)	28%	28% + 22% Cess as compensation

Quarziba Medicine is a Cancer Medicine used to treat cancer of nerve cells. Due to decrease in this Medicine GST it will be easier for patients to get Cancer treatments as now many can afford them due to decrease in GST Rate.
FSMP (Medicines & Food for special Medical Purposes are medicines that give nutritional support to patients suffering from any kind of special disease.
Imitation of Zari Thread is made when copper wires are drawn from copper alloys, they are electroplated with silver and then wound around the base yarn and reeled. Purpose behind this imitation is that it makes it cheaper than pure Zari.
LD slag is a solid waste produced during steel manufacture in basic Oxygen furnace. Decreasing GST rate purpose to increase its reusability of supplanting Cement with LD slag.
Uncooked/Unfried snack pellets are Raw in nature and semi Processed for example Uncooked Pasta beans, Uncooked Fries etc.