New Delhi: The government removed GST on notebooks, exercise books, and stationery items under GST 2.0. Earlier, these items had 12 percent GST. Now, they are tax-free.

However, the raw material for notebooks—paper—is now taxed at 18 percent, up from 12 percent. Due to this, notebook prices have increased, as shopkeepers pay GST while buying paper but cannot charge GST from customers when selling notebooks. This creates a loss of input tax credit, which is added to the final price. Read Also Big Changes From October 1, GST Refund Rules, NPS Investment Limits & UPI Pull Feature To Undergo...

Insurance Companies Not Passing Full GST Benefit

The GST Council reduced GST on life and health insurance premiums from 18 percent to 0 percent. These changes started from 22 September. But insur

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