<h1>GST Council Cuts Rates on Electronics, Disabled Carriages, and More; Cinema Ticket Tax Reduced; Bank Services Exemptions Announced.</h1> The GST Council, during its 31st meeting in New Delhi on December 22, 2018, decided on several GST rate reductions. Key changes include reducing the GST rate from 28% to 18% for items like pulleys, monitors up to 32 inches, and video cameras, and from 28% to 5% for parts for disabled carriages. Other reductions involve cork products, marble rubble, and music books. The GST on renewable energy plant components is set at 5%, with a specific valuation method for associated services. Cinema ticket GST rates were also reduced, and certain services, such as those provided by banks under specific government schemes, are now exempt.