views
New Delhi: The 25th GST Council meet on Thursday, recommended rate cuts on 49 items, including zero percent on 29 handicraft products with its main focus on easing return filing processes.
The change in rates will be applicable from 25 January.
Here is the list of the finalised goods:
List of goods on which GST council 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 biofuels.
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
- The following Bio-pesticides, -
Bacillus thuringiensis var. israelensis
Bacillus thuringiensis var. kurstaki
Bacillus thuringiensis var. galleriae
Bacillus sphaericus
Trichoderma viride
Trichoderma harzianum
Pseudomonas fluoresens
Beauveriabassiana
NPV of Helicoverpaarmigera
NPV of Spodopteralitura
Neem based pesticides
Cymbopogan
- 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, mockups 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; basket-ware and wickerwork
List of goods on which GST rate recommended for an increase from 12% to 18%:
- Cigarette filter rods
List of goods on which GST rate recommended for reduction from 12% to 5% with no refund of unutilised input tax credit:
- Velvet fabric
List of goods on which GST rate recommended for reduction from 3% to 0.25%:
- Diamonds and precious stones
Nil GST rate:
- Vibhuti
- Parts and accessories for the manufacture of hearing aids.
- De-oiled rice bran
List of goods on which GST rate recommended for an increase from nil to 5%:
- Rice bran (other than de-oiled rice bran)
Comments
0 comment