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GST rate cut on 29 items, Here is the full list
Posted on: 19/Jan/2018 12:07:10 PM
The Union Finance Minister Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi on Thursday. The Council has recommended certain in GST/IGST rate and clarifications in respect of GST rate on Goods specified below as per discussions in the 25th GST Council Meeting.
List of goods on which GST rate recommended for reduction from 28% to 18%
Old and used motor vehicles [medium and large cars and SUVs] on the margin of the supplier, subject to the condition that no input tax credit of central excise duty/value added tax or GST paid on such vehicles has been availed by him. Buses, for use in public transport, which exclusively run on bio-fuels.
List of goods on which GST rate recommended for reduction from 18% to 12%
Sugar boiled confectionary, Drinking water packed in 20 litters bottles, Fertilizer grade Phosphoric acid, Bio-diesel, Bio-pesticides, Bamboo wood building joinery, Drip irrigation system including laterals, sprinklers, Mechanical Sprayer.
List of goods on which GST rate recommended for reduction from 18% to 5%
Tamarind Kernel Powder, Mehendi paste in cones, LPG supplied for supply to household domestic consumers by private LPG distributors, Scientific and technical instruments, apparatus, equipment, accessories, parts, components, spares, tools, mock ups and modules, raw material and consumables required for launch vehicles and satellites and payloads.
List of goods on which GST rate recommended for reduction from 12% to 5%
Articles of straw, of esparto or of other plaiting materials; basketware and wickerwork.
List of goods on which GST rate recommended for reduction from 3% to 0.25%
Diamonds and precious stones.
List of goods on which GST will not be charged
Vibhuti Parts and accessories for manufacture of hearing aids, De-oiled rice brand.
