The Goods and Services Tax Council has slashed tax rates for 23 commonly used items that have been reduced from 18 per cent to 12 and 5 per cent respectively. GST reduced from 28 to 18% list Monitor and TV screen sizes up to 32 inches. Power bank of Lithium ion battries. Digital Camera and Video Recorders Video Games Cinema Tickets costing more than Rs. 100 Insurance of Goods carrying vehicles