<h1>GST Council Lowers Tax on 177 Items from 28% to 18%; Focuses 28% Bracket on Luxury Goods.</h1> The GST Council reduced the tax rate on 177 mass consumption items from 28% to 18%, following pressure from opposition-ruled states. This decision, made during the council's 23rd meeting, pruned the list of items in the 28% tax bracket from 227 to 50, focusing this category on luxury and demerit goods. Items like chewing gum, chocolates, and detergents will now attract the lower rate. Despite the changes, luxury goods such as washing machines remain at 28%. The decision is expected to impact revenue by Rs. 20,000 crore annually, with a gradual shift from the 28% to 18% slab anticipated.