Kumari Palany & Co

GST council cuts tax rates on 27 goods

Posted on: 07/Oct/2017 3:03:54 PM
As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Arun Jaitley on 6th October, 2017, the following changes in GST rates for certain Goods and IGST rates on Imports of specified Goods have been recommended.

Description

Present GST Rate

GST Rate Recommended by the GST Council

Mangoes sliced dried

12%

5%

Khakra and plain chapati / roti

12%

5%

ICDS food packets

18%

 

5 %

Loose, unbranded namkeen

12%

5%

Imposing GST only on the net quantity of superior kerosene oil [SKO] retained for the manufacture of Linear Alkyl Benzene [LAB]

18%

18%

Ayurvedic, Unani, Siddha, Homeopathy medicines, other than those bearing a brand name

12%

5%

Poster Colour

28%

18%

Modelling paste for children amusement

28%

18%

Plastic waste, parings or scrap

18%

5%

Rubber  waste, parings or scrap 

18%

5%

Hard Rubber waste or scrap

28%

5%

Paper waste or scrap

12%

5%

Duty credit scrips

5%

Nil

Sewing thread of manmade filaments, whether or not put up for retail sale

 

18%

12%

All synthetic filament yarn, such as nylon, polyester, acrylic, etc.

 

18%

12%

All artificial filament yarn, such as viscose rayon, Cuprammonium,

18%

12%

Sewing thread of manmade staple fibres

 

18%

12%

Yarn of manmade staple fibres

18%

12%

Real Zari

12%

5%

All goods falling under heading 6802 [other than those of marble and granite or those which attract 12% GST]

28%

18%

Cullet or other waste or scrap of Glass

 

18%

5%

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

 

28%

18%

Plain Shaft Bearing 8483

28%

18%

Parts suitable for use solely or principally with fixed Speed Diesel Engines of power not exceeding 15HP

 

28%

18%

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

28%

18%

E-Waste

28%/18%

5%

Biomass briquettes

18%

5%