Concessional rate of IGST rate of 5% including domestic supplies


Click here for GST Exemption list of goods and services


Reduced rate of IGST 5% as per GST Law 2017.

  

Tariff rate for sale of Steel and Iron in India (2)According to customs notification No. 12/2012,  import duty is exempted for the following items.

 

As per GST Law 2017, IGST is exempted to the following items based on customs notification No. 12/2012.

 

Goods specified in List 34 required in connection with:                                                                

(a)      petroleum operations undertaken under  to petroleum exploration licenses or mining leases, granted by the Government of India or any State Government to the Oil and Natural Gas Corporation or Oil India Limited on nomination basis,

(b)          petroleum operations undertaken under specified contracts

(c)           petroleum operations undertaken under specified contracts under the New Exploration Licensing Policy

(d)          petroleum operations undertaken under specified contracts under the Marginal Field Policy (MFP)

(e)          coal bed methane operations undertaken under specified contracts under the Coal Bed Methane Policy.

 

Revised GST Rates with effect from 18th July, 2022       

                                                                                Present rate           new rate

Earlier partially exempted, now withdrawn

Petroleum/ Coal bed methane                                             5%                12%

 

Click here for GST Exemption list of goods and services

 

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GST Exemption list of goods and services

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Coir Board

Coffee Board

CDB,Coconut Development Board

Cashew Export Promotion Council of India

Carpet Export Promotion Council

CAPEXIL

CHEMEXCIL, Basic Chemicals, Pharmaceuticals & Cosmetics EPC

APEDA

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