Revised GST Rate List for 27 Goods and 12 Services.

revised-gst-rate-list-for-27-goods-and-12-services
Oct 09, 2017 Share

In the latest gst news, Finance Minister Mr Arun Jaitley headed panel made a big change in the last meeting regarding the GST tax rate in India.

In the latest GST updates,after facing severe criticism over the implementation and high rates of GST, The Goods and Services tax (GST) council on 22nd meeting had to cut down rates on 27 items and 12 services on Friday. The Council slashed rates on common consumable items such as roti, khakra, namkeens and others. Most of the items were brought down to 5% slab.

The tax rates on government contracts which involved large labour, tax rate on services in relation to imitation jewellery and on food and food products were reduced from 12 percent to 5 percent.

Find below revised GST rates for 27 Items

1) Namkeens other than those put up in unit container and, bearing a registered brand name; or

bearing a brand name on which an actionable claim or enforceable right in a court of law is available [other than those where any actionable claim or enforceable right in respect of such brand name has been foregone voluntarily  -(Chapter/Heading/Sub-heading/Tariff item-21)

Old rate: 12%

New rate: 5%

2)  Sewing thread of manmade staple fibres (Chapter/Heading/Sub-heading/Tariff item-5408)

Old rate: 18%

New rate: 12%

 

3) Parts suitable for use solely or principally with fixed Speed Diesel Engines of power not exceeding 15HP -(Chapter/Heading/Sub-heading/Tariff item-84)

Old rate: 28%

New rate: 18%

4) Parts suitable for use solely or principally with power driven pumps primarily designed for handling water, namely, centrifugal pumps (horizontal and vertical), deep tube-well turbine pumps, submersible pumps, axial flow and mixed flow vertical pumps -(Chapter/Heading/Sub-heading/Tariff item-54 or 85)

Old rate: 28%

New rate: 18%

5) E-Waste

Old rate: 28/18 %

New rate: 5%

6) Biomass briquettes -(Chapter/Heading/Sub-heading/Tariff item-any chapter)

Old rate: 18 %

New rate: 5%

7) Mango sliced dried (Chapter/Heading/Sub-heading/Tariff item-804)

Old rate: 12%

New rate: 5%

 

8) Khakra and plain chapati (Chapter/Heading/Sub-heading/Tariff item-1905 or 2106)

Old rate: 12%

New rate: 5%

 

9) Imposing GST only on the net quantity of superior kerosene oil [SKO] retained for the manufacture of Linear Alkyl Benzene [LAB] (Chapter/Heading/Sub-heading/Tariff item-2710)

Old rate: 18%

New rate: 18% (Clarification to be issued)

 

10) Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government, subject to specified conditions (Chapter/Heading/Sub-heading/Tariff item-19 or 21)

Old rate: 18%

New rate: 5%

 

11) Ayurvedic, Unani, Siddha, Homeopathy medicines, other than those bearing a brand name (Chapter/Heading/Sub-heading/Tariff item-30)

Old rate: 12%

New rate: 5%

12) Poster Colour (Chapter/Heading/Sub-heading/Tariff item-3213)

Old rate: 28%

New rate: 18%

13) Modelling paste for children amusement (Chapter/Heading/Sub-heading/Tariff item-3407)

Old rate: 28%

New rate: 18%

 

14) Plastic waste, parings or scrap (Chapter/Heading/Sub-heading/Tariff item-3915)

Old rate: 18%

New rate: 5%

15) Rubber  waste, parings or scrap (Chapter/Heading/Sub-heading/Tariff item-4004 00 00)

Old rate: 18%

New rate: 5%

 

16) Hard Rubber waste or scrap (Chapter/Heading/Sub-heading/Tariff item-4017 00 20)

Old rate: 28%
New rate: 5%

 

17) Paper waste or scrap (Chapter/Heading/Sub-heading/Tariff item-4707)

Old rate: 12%
New rate: 5%

 

18)  Duty credit scrips (Chapter/Heading/Sub-heading/Tariff item-4907)

Old rate: 5%
New rate: Nil

 

19) Sewing thread of manmade filaments, whether or not put up for retail sale (Chapter/Heading/Sub-heading/Tariff item-5401 )

Old rate: 18%
New rate: 12%

 

20) All artificial filament yarn, such as viscose rayon, Cuprammonium (Chapter/Heading/Sub-heading/Tariff item-5403, 5405, 5407)

Old rate: 18%
New rate: 12%

 

21) All synthetic filament yarn, such as nylon, polyester, acrylic, etc. (Chapter/Heading/Sub-heading/Tariff item-5402, 5404, 5406)

 Old rate: 18%
New rate: 12%

 

22) Yarn of manmade staple fibres (Chapter/Heading/Sub-heading/Tariff item-5509, 5510, 5511)

Old rate: 18%
New rate: 12%

 

23) Real Zari (Chapter/Heading/Sub-heading/Tariff item-5605)

Old rate: 12%
New rate: 5%

 

24) All goods falling under heading 6802 [other than those of marble and granite or those which attract 12 percent GST] (Chapter/Heading/Sub-heading/Tariff item-6802)

Old rate: 28%
New rate: 18%

 

25) Cullet or other waste or scrap of Glass (Chapter/Heading/Sub-heading/Tariff item-7001)

Old rate: 18%
New rate: 5%

 

26) Fittings for loose-leaf binders or files, letter clips, letter corners, paper clips, indexing tags and similar office articles, of base metal; staples in strips (for example, for offices, upholstery, packaging), of base metal (Chapter/Heading/Sub-heading/Tariff item-8305)

Old rate: 28%
New rate: 18%

 

27) Plain Shaft Bearing 8483 (Chapter/Heading/Sub-heading/Tariff item-8483)

Old rate: 28%
New rate: 18%

Reduction in GST rate against S. No 1 above is subject to following condition:

a) If the supplier of such food preparations produces a certificate from an officer not below the rank of the Deputy Secretary to the Government of India or not below the rank of the Deputy Secretary to the State Government concerned to the effect that such food preparations have been distributed free to the economically weaker sections of the society under a programme duly approved by the Central Government or the State Government concerned, within five months from the date of supply of such goods or within such further period as the jurisdictional Commissioner of Central tax or jurisdictional Commissioner of State tax, as the case maybe, may allow in this regard.

2. For S. No.9 above, the phrase registered brand name means:

a) A brand registered as on 15.05.2017 shall be deemed to be a registered brand for the purposes of levy of 5% GST, irrespective of whether or not such brand is subsequently deregistered.

b) A brand registered as on 15.05.2017 under the Copyright Act, 1957 shall also be treated as a registered brand for the purposes of levy of 5% GST.

c) A brand registered as on 15.05.2017 under any law for the time being in force in any other country shall also be deemed to be a registered brand for the purposes of levy of 5% GST.

 

 

GST council also rationalised GST rates on 12 job work services

1) Job work services in relation to all products falling in Chapter 71 (including imitation jewellery) - 5%

 

2) Job work services in relation to food and food products falling under Chapters 1 to 22 of the HS Code (except packing of processed milk into packets) - 5%

 

3) Job work services in relation to products falling under Chapters 23 of the HS Code except dog and cat food put up for retail sale - 5%

 

4) Job work in relation to manufacture of umbrella - 12%

 

5) Job work in relation to manufacture of clay bricks falling under CTH 69010010 - 5%

 

6) Services by way of printing on job work basis or on goods belonging to others in relation to printing of all goods falling under Chapter 48 or 49, which attract GST at 5% or Nil - 5%

 

7) Services by way of printing on job work basis or on goods belonging to others in relation to printing of all goods falling under Chapter 48 or 49, which attract GST at 12% - 12%

 

8) Services by way of printing on job work basis or on goods belonging to others in relation to printing of goods falling under Chapter 48 or 49, other than those covered by (6) and (7) above - 18%

 

9) Services by way of printing in relation to printing of all goods falling under Chapter 48 or 49, which attract GST at 5% or Nil, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer - 12%

 

10) Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST at 12%, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer - 12%

 

11) Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST at 18% or above, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer - 18%

 

12) To issue a clarification with regard to classification of printing products/services.

 

Also Read

 GST rates
List of GST Rates

 What is GST
What is GST

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