Revised GST rate on 18th January, 2018

 

Revised GST rate by GST council meet on 18th January, 2018 as below:

 

The following details of extract explaining the changes in GST as per 25th GST council meet held on 18th January, 2018. 

 

29 Items, 53 Services have been put under the GST lower category

 

  1. A.           LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 28% TO 18%:

 

S. No.

Chapter/Heading/Sub-

Description

 

heading/Tariff item

 

1.

87

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.

2.

8702

Buses, for use in public transport, which exclusively

 

 

run on bio-fuels.

 

  1. B.           LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 28% TO 12%:

 

S.

 

Chapter/Heading/Sub-

 

 

 

Description

No.

 

heading/Tariff item

 

 

 

 

 

1.

 

87

 

 

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.

C.   LIST   OF   GOODS   ON

WHICH   GST   RATE   RECOMMENDED   FOR

 

REDUCTION FROM 18% TO 12%:

 

 

 

 

 

 

 

 

S.

 

Chapter/Heading/Sub-

 

 

 

Description

No.

 

heading/Tariff item

 

 

 

 

 

1.

 

1704

 

Sugar boiled confectionary

 

 

 

 

 

2.

 

2201

 

Drinking water packed in 20 litters bottles

 

 

 

 

 

3.

 

2809

 

Fertilizer grade Phosphoric acid

 

 

 

 

 

4.

 

29 or 38

 

Bio-diesel

 

5

38

The following Bio-pesticides, -

 

 

 

 

 

 

 

 

 

S.

Name of the bio pesticide

 

 

 

 

No.

 

 

 

 

 

1

Bacillus thuringiensis var.

 

 

 

 

 

israelensis

 

 

 

 

2

Bacillus thuringiensis var.

 

 

 

 

 

kurstaki

 

 

 

 

3

Bacillus thuringiensis var.

 

 

 

 

 

galleriae

 

 

 

 

4

Bacillus sphaericus

 

 

 

 

5

Trichoderma viride

 

 

 

 

6

Trichoderma harzianum

 

 

 

 

7

Pseudomonas fluoresens

 

 

 

 

8

Beauveriabassiana

 

 

 

 

9

NPV of Helicoverpaarmigera

 

 

 

 

10

NPV of Spodopteralitura

 

 

 

 

11

Neem based pesticides

 

 

 

 

12

Cymbopogan

 

6.

4418

Bamboo wood building joinery

 

 

 

7.

8424

Drip irrigation system including laterals, sprinklers

 

 

 

8.

8424

Mechanical Sprayer

 

 

 

 

 

 

 

 

  1. D.          LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 18% TO 5%:

 

S.

Chapter/Heading/Sub-

Description

No.

heading/Tariff item

 

1.

13

Tamarind Kernel Powder

 

 

 

2.

1404/3305

Mehendi paste in cones

 

 

 

3.

2711

LPG  supplied  for  supply  to  household  domestic

 

 

consumers by private LPG distributors

4.

88 or any other chapter

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

 

 

  1. E.               LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 12% TO 5%:

 

S.

Chapter/Heading/Sub-

Description

No.

heading/Tariff item

 

1.

4601, 4602

Articles of straw, of esparto or of other plaiting

 

 

materials; basketware and wickerwork

 

 

2

 

 

F.

LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR INCREASE

 

 

FROM 12% TO 18%:

 

 

 

 

 

 

 

 

S.

 

Chapter/Heading/Sub-

Description

 

No.

 

heading/Tariff item

 

 

1.

 

5601 22 00

 

Cigarette filter rods

 

 

  1.  LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 12% TO 5% WITH NO REFUND OF UNUTILISED INPUT TAX CREDIT:

 

S.

Chapter/Heading/Sub-

Description

No.

heading/Tariff item

 

1.

5801 37 20

Velvet fabric

 

  1. H.           LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 3% TO 0.25%:

 

S.

Chapter/Heading/Sub-

Description

No.

heading/Tariff item

 

1.

7102

Diamonds and precious stones

 

 

  1. I.                          NIL GST RATE:

 

(i)                 Vibhuti

(ii)              Parts and accessories for manufacture of hearing aids.

(iii)            De-oiled rice bran

 

  1. J.                  LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR INCREASE FROM NIL TO 5%:

 

S.

Chapter/Heading/Sub-

Description

No.

heading/Tariff item

 

1.

2302

Rice bran (other than de-oiled rice bran)

 

 

  1. K.                CHANGES IN COMPENSATION CESS ON CERTAIN GOODS:

 

S.

Chapter/

Description

 

Present

Compensation

No

Heading/

 

 

 

 

Compens

Cess Rate

 

Sub-

 

 

 

 

ation Cess

Recommended

 

heading/

 

 

 

 

Rate

 

 

Tariff item

 

 

 

 

 

 

1.

8702

Motor  vehicles

[falling

under

heading

15%

Nil

 

 

8702, as it was in excise regime] cleared

 

 

 

 

as  ambulances,

duly

fitted

with  all

 

 

 

 

 

3

 

 

 

 

 

 

fitments,   furniture   and   accessories

 

 

 

 

necessary  for  an  ambulance  from  the

 

 

 

 

factory manufacturing such vehicles.10-

 

 

 

 

13 seater buses and ambulances, subject

 

 

 

 

to specified conditions.

 

 

2.

87

Old  and  used  motor  vehicles  [medium

Applicable

Nil

 

 

and large cars and SUVs], on the margin

rate

 

 

 

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.

 

 

3.

87

All types of old and used motors vehicles

Applicable

Nil

 

 

[other than medium and large cars and

rate

 

 

 

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.

 

 

 

  1. L.                 CHANGES IN IGST RATE RECOMMENDED ON CERTAIN GOODS:

 

S.

Chapter/

Description

Present

IGST Rate

No

Heading/

 

IGST

Recommended

 

Sub-

 

 

Rate

 

 

heading/

 

 

 

 

Tariff item

 

 

 

1.

88or

any

Satellites  and  payloads  and  Scientific  and

18%

5%

 

other

 

technical instruments, apparatus, equipment,

 

 

 

chapter

 

accessories, parts, components, spares, tools,

 

 

 

 

 

mock  ups  and  modules,  raw  material  and

 

 

 

 

 

consumables  required  for  launch  vehicles

 

 

 

 

 

and satellites and payloads

 

 

 

  1. M.              MODIFICATION IN DEFINITION/ CLARIFICATION IN RESPECT OF CHANGES IN GST/IGST RATES ON GOODS:

 

 

S.

Chapter/

Description

Present GST

Modification/clarification

 

No

Heading/

 

 

Rate

 

Recommended

 

 

Sub-

 

 

 

 

 

 

 

 

heading/

 

 

 

 

 

 

 

 

Tariff item

 

 

 

 

 

 

 

1.

27

Poly

Butylene  Feed

18%

The GST to apply only on the net

 

 

Stock

&   Liquefied

 

quantity of  Poly Butylene  Feed

 

 

Petroleum Gas

 

Stock

or  Liquefied

Petroleum

 

 

 

 

 

Gases

retained

for

the

 

 

 

 

 

manufacture of Poly Iso Butylene

 

 

 

 

 

or  Propylene  or  di-butyl  para

 

 

 

 

 

cresol

respectively,

subject

to

 

 

 

 

 

specified conditions.

 

 

 

 

 

 

4

 

 

 

 

 

2.

Any chapter

Rail coach industry

Applicable

Only  the  goods  falling  under

 

 

 

GST rate

chapter 86 attract 5% GST rate

 

 

 

 

with  no  refund  of  unutilised

 

 

 

 

ITC.Goods  falling  in  any  other

 

 

 

 

chapter  will  attract  applicable

 

 

 

 

GST  rate  under  the  respective

 

 

 

 

chapters, even if supplied to the

 

 

 

 

Indian railways.

3.

2701

Coal rejects

5% + Rs. 400

Coal  rejects  fall  under  heading

 

 

 

PMT

2701 and attract 5% GST and Rs.

 

 

 

Compensation

400 PMT Compensation Cess.

 

 

 

Cess

 

 

It is proposed to issue notification giving effect to the recommendations of the Council on 25th January, 2018 to be effective from 00 HRS on 25th January, 2018

 

 


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