GST rate changes made yesterday
Here are the changes to tax rates of Goods recommended by the GST Council:
List of goods on which GST rate recommended for reduction from 28 per cent to 18 per cent:
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 28 per cent to 12 per cent:
All types of old and used motors vehicles [other than medium and large cars and SUVs] on the margin of the supplier of subject to the conditions that no input tax credit of central excise duty /value added tax or GST paid on such vehicles has been availed by him.
List of goods on which GST rate recommended for reduction from 18 per cent to 12 per cent:
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 per cent to 5 per cent:
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 per cent to 5 per cent:
Articles of straw, of esparto or of other plaiting materials; basketware and wickerwork
List of goods on which GST rate recommended for reduction from 12 per cent to 5 per cent with no refund of unutilised input tax credit:
Velvet fabric
List of goods on which GST rate recommended for reduction from 3 per cent to 0.25 per cent:
Diamonds and precious stones
List of goods on which nil GST will be charged:
Vibhuti
Parts and accessories for manufacture of hearing aids.
De-oiled rice bran
List of goods on which GST rate recommended for increase from 12 per cent to 18 per cent:
Cigarette filter rods
List of goods on which GST rate recommended for increase from nil to 5 per cent:
Rice bran (other than de-oiled rice bran) more
List of goods on which GST rate recommended for reduction from 28 per cent to 18 per cent:
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 28 per cent to 12 per cent:
All types of old and used motors vehicles [other than medium and large cars and SUVs] on the margin of the supplier of subject to the conditions that no input tax credit of central excise duty /value added tax or GST paid on such vehicles has been availed by him.
List of goods on which GST rate recommended for reduction from 18 per cent to 12 per cent:
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 per cent to 5 per cent:
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 per cent to 5 per cent:
Articles of straw, of esparto or of other plaiting materials; basketware and wickerwork
List of goods on which GST rate recommended for reduction from 12 per cent to 5 per cent with no refund of unutilised input tax credit:
Velvet fabric
List of goods on which GST rate recommended for reduction from 3 per cent to 0.25 per cent:
Diamonds and precious stones
List of goods on which nil GST will be charged:
Vibhuti
Parts and accessories for manufacture of hearing aids.
De-oiled rice bran
List of goods on which GST rate recommended for increase from 12 per cent to 18 per cent:
Cigarette filter rods
List of goods on which GST rate recommended for increase from nil to 5 per cent:
Rice bran (other than de-oiled rice bran) more
Viewed by 504
Absolutely right Mr. Virmani. Decreasing GST on diamonds and not on services tax, health services, and other essential items but the worst is 18% on services from which they are getting fantastic amounts and the poor consumer suffers as the middle class pays and the lower and poor gain! more
Jan 19
As against Government claim demonetization and shifting to GST is a success. That's mean government is getting lot of revenue as compared to previous Governments. IF SO WHY NOT THERE IS REDUCTION IN GST in all the cases - 28 % should be abolished altogether, 18 % to 15%, 12% to 8%, 5% to 2 %. Its all mockery and making fool by giving one or two lollipop. more
Jan 19
My initial reaction to this proposed changes in the GST is only a laughing stock. The GST reduction on the Diamonds and GST increase in the rice bran seems to making joke of the public. Similar is the position with most of the items as above. more
Jan 19
