GST rate revision on Products
Below are the detailed GST rate changes for your ready reference circle friends. See seperate post on services.
GST rates reduction on 28% items:
28% to 18%
Paints and varnishes (including enamels and lacquers)
Glaziers’ putty, grafting putty, resin cements
Refrigerators, freezers and other refrigerating or freezing equipment including water cooler, milk coolers, refrigerating equipment for leather industry, ice cream freezer etc.
Washing machines.
Lithium-ion batteries
Vacuum cleaners
Domestic electrical appliances such as food grinders and mixers & food or vegetable juice extractor, shaver, hair clippers etc
Storage water heaters and immersion heaters, hair dryers, hand dryers, electric smoothing irons etc
Televisions upto the size of 68 cm
Special purpose motor vehicles. e.g., crane lorries, fire fighting vehicle, concrete mixer lorries, spraying lorries
Works trucks [self-propelled, not fitted with lifting or handling equipment] of the type used in factories, warehouses, dock areas or airports for short transport of goods.
Trailers and semi-trailers.
Miscellaneous articles such as scent sprays and similar toilet sprays, powder-puffs and pads for the application of cosmetics or toilet preparations.
28% to 12%
Fuel Cell Vehicle. Further, Compensation cess shall also be exempted on fuel cell vehicle.
Refund of accumulated credit on account of inverted duty structure to fabric manufacturers:Fabrics attract GST at the rate of 5% subject to the condition that refund of accumulated ITC on account of inversion will not be allowed. However, considering the difficulty faced by the Fabric sector on account of this condition, the GST Council has recommended for allowing refund to fabrics on account of inverted duty structure. The refund of accumulated ITC shall be allowed only with the prospective effect on the purchases made after the notification is issued.
III. GST rates have been recommended to be brought down from,-
18%12%/5% to Nil:
Stone/Marble/Wood Deities
Rakhi [other than that of precious or semi-precious material of chapter 71]
Sanitary Napkins,
Coir pith compost
Sal Leaves siali leaves and their products and Sabai Rope
PhoolBhariJhadoo [Raw material for Jhadoo]
Khali dona.
Circulation and commemorative coins, sold by Security Printing and Minting Corporation of India Ltd [SPMCIL] to Ministry of Finance.
12% to 5%:
Chenille fabrics and other fabrics under heading 5801
Handloom dari
Phosphoric acid (fertilizer grade only).
Knitted cap/topi having retail sale value not exceeding Rs 1000
18% to 12%:
Bamboo flooring
Brass Kerosene Pressure Stove.
Hand Operated Rubber Roller
Zip and Slide Fasteners
18% to 5%:
Ethanol for sale to Oil Marketing Companies for blending with fuel
Solid bio fuel pellets
IV. Rate change made in respect of footwear
5% GST is being extended to footwear having a retail sale price up to Rs. 1000 per pair
Footwear having a retail sale price exceeding Rs. 1000 per pair will continue to attract 18%
GST rates have been recommended to be brought down for specified handicraft items [as per the definition of handicraft, as approved by the GST council] from,-
18% to 12%:
Handbags including pouches and purses; jewellery box
Wooden frames for painting, photographs, mirrors etc
Art ware of cork [including articles of sholapith]
Stone art ware, stone inlay work
Ornamental framed mirrors
Glass statues [other than those of crystal]
Glass art ware [ incl. pots, jars, votive, cask, cake cover, tulip bottle, vase ]
Art ware of iron
Art ware of brass, copper/ copper alloys, electro plated with nickel/silver
Aluminium art ware
Handcrafted lamps (including panchloga lamp)
Worked vegetable or mineral carving, articles thereof, articles of wax, of stearin, of natural gums or natural resins or of modelling pastes etc, (including articles of lac, shellac)
Ganjifa card
12% to 5%:
Handmade carpets and other handmade textile floor coverings (including namda/gabba)
Handmade lace
Hand-woven tapestries
Hand-made braids and ornamental trimming in the piece
Toran
Miscellaneous Change relating to valuation of a supply:
IGST @5% on Pool Issue Price (PIP) of Urea imported on Govt. account for direct agriculture use, instead of assessable value plus custom duty.
Exemption from Compensation cess to Coal rejects from washery [arising out of cess paid coal on which ITC has not been taken].
Clarifications/amendments as regards applicability of GST rate in respect of certain goods recommended by GST Council which inter-alia includes:
Milk enriched with vitamins or minerals salt (fortified milk) is classifiable under HS code 0401 as milk and exempt from GST.
5% GST on both treated (modified) tamarind kernel powder and plain (unmodified) tamarind kernel powder.
Beet and cane sugar, including refined beet and cane sugar, (falling under heading 1701) attracts 5% GST rate.
Water supplied for public purposes (other than in sealed containers) does not attract GST.
Marine engine (falling under sub-heading 8408 10 93) attracts 5% GST rate.
Kota stone and similar stones [ other than marble and granite] other than polished will attracts 5% GST, while ready to use polished Kota stoneand similar stones will attracts 18%.
Certain other miscellaneous clarification as regards classification/rate have been recommended more
GST rates reduction on 28% items:
28% to 18%
Paints and varnishes (including enamels and lacquers)
Glaziers’ putty, grafting putty, resin cements
Refrigerators, freezers and other refrigerating or freezing equipment including water cooler, milk coolers, refrigerating equipment for leather industry, ice cream freezer etc.
Washing machines.
Lithium-ion batteries
Vacuum cleaners
Domestic electrical appliances such as food grinders and mixers & food or vegetable juice extractor, shaver, hair clippers etc
Storage water heaters and immersion heaters, hair dryers, hand dryers, electric smoothing irons etc
Televisions upto the size of 68 cm
Special purpose motor vehicles. e.g., crane lorries, fire fighting vehicle, concrete mixer lorries, spraying lorries
Works trucks [self-propelled, not fitted with lifting or handling equipment] of the type used in factories, warehouses, dock areas or airports for short transport of goods.
Trailers and semi-trailers.
Miscellaneous articles such as scent sprays and similar toilet sprays, powder-puffs and pads for the application of cosmetics or toilet preparations.
28% to 12%
Fuel Cell Vehicle. Further, Compensation cess shall also be exempted on fuel cell vehicle.
Refund of accumulated credit on account of inverted duty structure to fabric manufacturers:Fabrics attract GST at the rate of 5% subject to the condition that refund of accumulated ITC on account of inversion will not be allowed. However, considering the difficulty faced by the Fabric sector on account of this condition, the GST Council has recommended for allowing refund to fabrics on account of inverted duty structure. The refund of accumulated ITC shall be allowed only with the prospective effect on the purchases made after the notification is issued.
III. GST rates have been recommended to be brought down from,-
18%12%/5% to Nil:
Stone/Marble/Wood Deities
Rakhi [other than that of precious or semi-precious material of chapter 71]
Sanitary Napkins,
Coir pith compost
Sal Leaves siali leaves and their products and Sabai Rope
PhoolBhariJhadoo [Raw material for Jhadoo]
Khali dona.
Circulation and commemorative coins, sold by Security Printing and Minting Corporation of India Ltd [SPMCIL] to Ministry of Finance.
12% to 5%:
Chenille fabrics and other fabrics under heading 5801
Handloom dari
Phosphoric acid (fertilizer grade only).
Knitted cap/topi having retail sale value not exceeding Rs 1000
18% to 12%:
Bamboo flooring
Brass Kerosene Pressure Stove.
Hand Operated Rubber Roller
Zip and Slide Fasteners
18% to 5%:
Ethanol for sale to Oil Marketing Companies for blending with fuel
Solid bio fuel pellets
IV. Rate change made in respect of footwear
5% GST is being extended to footwear having a retail sale price up to Rs. 1000 per pair
Footwear having a retail sale price exceeding Rs. 1000 per pair will continue to attract 18%
GST rates have been recommended to be brought down for specified handicraft items [as per the definition of handicraft, as approved by the GST council] from,-
18% to 12%:
Handbags including pouches and purses; jewellery box
Wooden frames for painting, photographs, mirrors etc
Art ware of cork [including articles of sholapith]
Stone art ware, stone inlay work
Ornamental framed mirrors
Glass statues [other than those of crystal]
Glass art ware [ incl. pots, jars, votive, cask, cake cover, tulip bottle, vase ]
Art ware of iron
Art ware of brass, copper/ copper alloys, electro plated with nickel/silver
Aluminium art ware
Handcrafted lamps (including panchloga lamp)
Worked vegetable or mineral carving, articles thereof, articles of wax, of stearin, of natural gums or natural resins or of modelling pastes etc, (including articles of lac, shellac)
Ganjifa card
12% to 5%:
Handmade carpets and other handmade textile floor coverings (including namda/gabba)
Handmade lace
Hand-woven tapestries
Hand-made braids and ornamental trimming in the piece
Toran
Miscellaneous Change relating to valuation of a supply:
IGST @5% on Pool Issue Price (PIP) of Urea imported on Govt. account for direct agriculture use, instead of assessable value plus custom duty.
Exemption from Compensation cess to Coal rejects from washery [arising out of cess paid coal on which ITC has not been taken].
Clarifications/amendments as regards applicability of GST rate in respect of certain goods recommended by GST Council which inter-alia includes:
Milk enriched with vitamins or minerals salt (fortified milk) is classifiable under HS code 0401 as milk and exempt from GST.
5% GST on both treated (modified) tamarind kernel powder and plain (unmodified) tamarind kernel powder.
Beet and cane sugar, including refined beet and cane sugar, (falling under heading 1701) attracts 5% GST rate.
Water supplied for public purposes (other than in sealed containers) does not attract GST.
Marine engine (falling under sub-heading 8408 10 93) attracts 5% GST rate.
Kota stone and similar stones [ other than marble and granite] other than polished will attracts 5% GST, while ready to use polished Kota stoneand similar stones will attracts 18%.
Certain other miscellaneous clarification as regards classification/rate have been recommended more
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Oct 31
Thank you Mr jain, its very informative and comprehensive too. Its a very good move, its also good that govt., has been cutting down step by step, not in hurried manner. this is always good for stable growth. At the same time our biggest concern is that GST Council must look into this seriously - Manufacturers and Suppliers do not pass on the benefits to next level so again end users suffer a lot and still negativity will keep flowing which will be an impact at various levels. So, request the GST Council to look into this on highest priority. more
Jul 23
Data provided by Mr. Jain is really very informative. A very good move by Govt. But the question is how far these profit mongering business community will pass on this benefit to the end user. They may increase the base price and ultimately make more profit denying the benefit to the customer. Govt. should also see to it that the benefit is passed on to the customers. more
Jul 22
