The GST
council 28th meeting which was held at Vigyan Bhawan, New Delhi stated that the
tax rates 30 to 40 items were considered in the meeting. Goods and services tax
is continuously upgraded by the GST council for better results for the proper
implementation.
In the
latest GST council meeting, several important decisions were taken by the panel
and GoM to resolve immediate problems of the business community.
28th GST Council Meeting:
Piyush Goyal On Key Tax Rate Changes
Exempt
from GST:
- Fortified milk
- Sanitary pads.
- Raw material
used in brooms.
- Commemorative
coins circulated by the RBI or government.
- Saal leaves
- Deities made of
stone, marbles or wood.
From 12
percent to 5 percent:
- Fertiliser grade
phosphoric acid
- Handloom Dari
From 18
percent to 5 percent:
- Footwear Below
Rs. 1000
From 28
percent to 18 percent:
- Lithium-ion
batteries reduced
- Food grinders,
mixers, juicer
- Vaccum cleaners
- Shavers, hair
clippers
- Storage water
heaters
- Watercooler
- Ice cream
freezer
- Paint
- Electric
smoothing irons
- Refrigerators
- Washing Machines
- Perfumes
- Hand dryers
- Cosmetics
- Scents
- Varnishes
- Putty
- Bamboo Flooring
- TV (up to 68 cm
i.e. 27 inches)
- Trailers
- Concrete Mixer
- Special Purpose
Vehicle
- Work Truck
- Photographs
- Mirrors
- Toilet Spray
- Hair Curlers
Note: The
new revised GST rates on products may be applicable from 27th July 2018.
Revised GST Tax Slabs in India for FY 2018-19
by Latest GST Council Meeting
Rates
|
Commodity/Services
|
0%
|
Milk, Butter Milk,
Curd, Cereals, Natural Honey, Flour, Besan, Puffed rice, Papad, Bread,
Prasad, Salt, Bindi. Sindoor, Contraceptives, Fresh Fruits and Vegetables,
Firewood, Bangles (non-precious metals), Agricultural Implements,
Stamps, Judicial Papers, Printed Books, Newspapers, Bangles, Human Blood,
Guar meal, Hop cone (other than grounded, powdered or in pellet form),
Certain dried vegetables such as sweet potatoes, maniac, Unworked coconut
shell, Khandsari sugar, de-oiled rice bran, hearing aid accessories,
Fortified milk, Sanitary pads, Raw material used in
brooms, Commemorative coins circulated by the RBI or government, Saal
leaves, Deities made of stone, marbles or wood, etc.
|
5%
|
Namkeen/Bhujiya,
Coffee, Tea, Kerosene, Coal, Cream, Skimmed Milk Powder, Branded Paneer,
Frozen Vegetables, Processed Spices, Pizza Bread, Rusk, Sabudana, Medicines,
Stent, Lifeboats, Soyabean, Groundnut, Sunflower Seeds, Vegetable Fats &
Oils, Beet Sugar, Cane Sugar, Cocoa Beans, Shells, Paste, Tar, Peat, Lignite,
Lpg For Domestic Consumption By Ioc, Hpcl, Bpcl, Nuclear Fuel, Nuclear Grade
Sodium, Bakery Mixes, Doughs, Pizza Bread, Vermicelli, All Ores And
Concentrates, Heavy Water and Other Nuclear Fuels, Compressed Air, Animal or
Human Blood Vaccines, Iron/ Steel/ Ferrous Alloy – Kerosene Burners and
Stoves, Iron/ Steel/ Ferrous Alloy – Table or Kitchen or Other Household
Articles, Table or Kitchen or Other Household Articles of Copper, Copper
Utensils, Solar Water Heater, Diagnostic Kits for Detection of All Types of
Hepatitis, Newsprint, Handmade Safety Matches, Geometry Boxes, Hand Pumps,
Renewable Energy Devices, Boats, Fishing Vehicles, Coronary Stents,
Artificial Kidneys, Broomsticks, Jhadoo, Steel Utensils, Curtains,
Toilet Linen, Blankets and Travelling Rugs, Bed Linen, Kitchen Linen, Terry
Toweling, Terry Fabrics, Napkins, Mosquito Nets, Sacks and
Bags, Man-made Apparel, Life Jackets (Highlighted Goods Under INR 1000),
Job work on textile, Footwear under INR 1000, Cotton and Natural
Fibres, Khadi Yarn, Match Boxes, Packed Organic Fertilizer, Fertilizers,
Lobhan, Mishri, Batasha, Bura, Insulin, Agarbattis, Cashew Nuts, Mango Sliced
Dry, Khakra & Plain chapati/roti, Food preparations for Weaker Sections,
Ayurvedic/Unani/Siddha/Homeopathy medicines(Unbranded), Plastic
Waste/Parings/ Scrap, Rubber Waste/Parings/ Scrap, Hard Rubber Waste or
Scrap, Paper waste or scrap, puffed rice chikki, peanut chikki, sesame
chikki, revdi, tilrevdi, khaza, kazuali, groundnut sweets gatta, kuliya,
Flour of potatoes put up in unit container bearing a brand name, Chutney
powder, Fly ash, Sulphur recovered in refining of crude, Fly ash aggregate
with 90% or more fly ash content, Desiccated coconut, Narrow woven fabric including
cotton newar [with no refund of unutilised input tax credit], Idli, dosa
batter, Coir cordage and ropes, jute twine, coir products, Worn clothing, Fly
ash brick, mehendi paste in cones, velvet fabric, tamarind kernel powder,
articles of straw, Fertiliser grade phosphoric acid, Handloom dari, imported
urea, E-books, etc.
|
12%
|
Dry Fruits In Packaged
Form, Ayurvedic Medicines (Branded), Butter, Cheese, Ghee, Fruits And
Vegetable Juices, Tooth Powder, Coloring Books, Picture Books, feature
phones, Umbrella, Sewing Machine, Milk Beverages, Bio-Gas, Medicinal Grade
Hydrogen Peroxide, Anaesthetics, Potassium Iodate, Iodine, Steam, Glands And
Other Organs For Organo-Therapeutic Uses, Ayurvaedic, Unani, Homoeopathic
Siddha Or Biochemic Systems Medicaments, Sterile Suture Materials, Sterile
Catgut, Sterile Suture Material, Sterile Dental Yarns, Sterile Tissue
Adhesives For Surgical Wound Closure, Dental Haemostatics, Fountain Pen Ink,
Ball Pen Ink, Candles, Silicon Wafers, Natural Cork Wood Pulp, Children’S Drawing
Books, Calendars, Ceramic Tableware, Kitchenware, Toilet Articles,
Lenses Used In Spectacles, Barbed Wire Of Iron And Steel, Screw, Bolts, Nuts,
Sewing/Knitting Needles, Lpg Stoves, Aluminium Utensils, Pencil Sharpeners,
Knives, Power Driven Water Pumps, Electric Vehicles, Bicycles, Spectacle
Lens, Led Lights, Sports Goods, Art Works, Antiques, Curtains,
Toilet Linen, Blankets and Travelling Rugs, Bed Linen, Kitchen Linen, Terry
Toweling, Terry Fabrics, Napkins, Mosquito Nets, Life Jackets, Man-made Apparel (Highlighted
Goods Above INR 1000), All synthetic filament yarn, such as nylon, polyester,
acrylic, All artificial filament yarn, such as viscose rayon, Cuprammonium,
Wet grinders consisting of stone as grinder, Tanks and other armoured
fighting vehicles, Condensed milk, Refined sugar and sugar cubes, Pasta,
Curry paste, mayonnaise and salad dressings, mixed condiments and mixed
seasoning, Diabetic food, Medicinal grade oxygen, Printing ink, Hand
bags and shopping bags of jute and cotton, Hats (knitted or crocheted), Parts
of specified agricultural, horticultural, forestry, harvesting or threshing
machinery, Specified parts of sewing machine, Spectacles frames, Furniture
wholly made of bamboo or cane, drinking water packed in 20 litre bottles,
sprinklers Mechanical Sprayer, bamboo wood building joinery, drip
irrigation system, bamboo flooring, etc.
|
18%
|
Preserved Vegetables,
Tissues, Envelopes, Tampons, Note Books, Cornflakes, Pastries And Cakes,
Jams, Jellies, Sauces, Soups, Ice Cream, Instant Food Mixes, Steel Products,
Disinfectants, Household Plastic Products, Hot Water Bottles, Printed
Circuits, Speakers, Monitors, Camera, Smartphones, Infant Use Preparations,
Waffles, Jams, Tea Concentrates, Sharbet, Mineral/Aerated Water (Without
Sugar), Lpg For Domestic Supply By Ioc, Hpcl, Bpcl, Petroleum Jelly, Paraffin
Wax, Petroleum Coke, Petroleum Bitumen, Nicotine Polacrilex
Gum, Essential Oils, Hair Oil, Dentrifices -Toothpaste, Soap, Whey
Proteins & Fitness Supplements, Gelatin, Propellant Powder, Insecticides,
Fungicides, Toilet Paper, Notebooks, Helmets, Headgears, Copper Bars, Rods,
Wires, Copper Screws, Nuts, Bolts, Nickel Bars, Rods, Nickel Screw, Nuts,
Bolts, Nickel Tubes, Pipes, Netting, Aluminium Ingots, Rods, Wires, Lead
Plates, Sheets, Strips, Zinc Goods, Tin Bars, Rods, Padlocks, Locks, Braille
Typewriters, Manmade Fibres,Footwear above INR 1000, Biscuit, School Bags,
Printers, Tractors Parts, Poster Colour, Marble, Granite, Cables, Insulated
Conductors, electrical insulators, electrical plugs, switches, sockets,
fuses, relays, electrical connectors, Electrical boards, panels, consoles,
cabinets etc for electric control or distribution, Particle/fibre boards and
ply wood. Article of wood, wooden frame, paving block, Furniture, mattress,
bedding and similar furnishing, Trunk, suitcase, vanity cases, briefcases,
travelling bags and other handbags, cases, Detergents, washing and cleaning
preparations, Liquid or cream for washing the skin, Shampoos; Hair cream,
Hair dyes (natural, herbal or synthetic) and similar other goods; henna
powder or paste, not mixed with any other ingredient, Pre-shave, shaving or
after-shave preparations, personal deodorants, bath preparations, perfumery,
cosmetic or toilet preparations, room deodorisers, Perfumes and toilet
waters, Beauty or make-up preparations, Fans, pumps, compressors, Lamp and
light fitting, Primary cell and primary batteries, Sanitary ware and parts
thereof of all kind, Articles of plastic, floor covering, baths, shower,
sinks, washbasins, seats, sanitary ware of plastic, Slabs of marbles and
granite, Goods of marble and granite such as tiles, Ceramic tiles of all
kinds, Miscellaneous articles such as vacuum flasks, lighters, Wrist watches,
clocks, watch movement, watch cases, straps, parts, Articles of cutlery,
stoves, cookers and similar non electric domestic appliances, Razor and razor
blades. Multi-functional printers, cartridges, Office or desk equipment,
Door, windows and frames of aluminium, Articles of plaster such as board,
sheet, Articles of cement or concrete or stone and artificial stone, Articles
of asphalt or slate, Articles of mica, Ceramic flooring blocks, pipes,
conduit, pipe fitting, Wall paper and wall covering, Glass of all kinds and
articles thereof such as mirror, safety glass, sheets, glassware, Electrical,
electronic weighing machinery, Fire extinguishers and fire extinguishing
charge, Fork lifts, lifting and handling equipment, Bull dozers, excavators,
loaders, road rollers, Earth moving and levelling machinery, Escalators,
Cooling towers, pressure vessels, reactors, Crankshaft for sewing
machine, tailor’s dummies, bearing housings, gears and gearing;
ball or roller screws; gaskets, Electrical apparatus for radio and television
broadcasting, Sound recording or reproducing apparatus, Signalling, safety or
traffic control equipment for transports, Physical exercise equipment,
festival and carnival equipment, swings, shooting galleries, roundabouts,
gymnastic and athletic equipment, All musical instruments and their parts,
Artificial flowers, foliage and artificial fruits, Explosive, anti-knocking
preparation, fireworks, Cocoa butter, fat, oil powder, Extract, essence ad
concentrates of coffee, miscellaneous food preparations, Chocolates, Chewing
gum / bubble gum, Malt extract and food preparations of flour, groats, meal,
starch or malt extract, Waffles and wafers coated with chocolate or containing
chocolate, Rubber tubes and miscellaneous articles of rubber, Goggles,
binoculars, telescope, Cinematographic cameras and projectors, image
projector, Microscope, specified laboratory equipment, specified scientific
equipment such as for meteorology, hydrology, oceanography, geology, Solvent,
thinners, hydraulic fluids, anti-freezing preparation, second-hand medium
& SUVs, Bio-fuels powered buses, Sugar boiled confectionery, admission to
theme parks, water parks, Lithium-ion batteries, Food grinders, mixers,
Vaccum cleaners, Shavers, hair clippers, Storage
water heaters, Water cooler, Ice cream freezer, Paint, Electric smoothing
irons, Refrigerators, Perfumes, Hand dryers, Cosmetics, Scents, Varnishes,
Trailers, Special Purpose Vehicle, Work Truck, Photographs, Mirrors, Toilet
Spray, Hair Curlers, Bamboo Flooring, TV (up to 68 cm i.e. 27 inches), putty,
washing machine, Concrete Mixer, etc.
|
28%
|
Automobiles,
Motorcycles, Molasses, Chocolate Not Containing Cocoa, Aerated Water,
Dishwasher, Atm, Vending Machines, Aircraft For Personal Use, Yachts, Powder,
Chocolates, Instant, Aroma Coffee, Coffee Concentrates, Custard Powder,
Protein Concentrates, Sugar Syrups, Aerated Water (With Sugar), Artists’,
Students’ Or Signboard Colours, Wall Fillings, Dental Floss, Toothpaste,
Liquid Soap, Commercial Plastic Products, Rubber Tyres, Fur & Artificial
Fur Apparel, Particle Board, Plywood, Headbands, Felt Hats, Wigs, False
Beards, Eyelashes, Artificial Flowers, Plaster, Calcerous Stone, Tempered
Glass, Stoves (Other Than Kerosene Stove And Lpg Stoves), Barbecues,
Braziers, Gas-Rings, Electrical Hot Plates, Electrical Heaters, Aluminium
Foil, Razors, Manicure, Pedicure Sets, Air-conditioners, Printer,
Photocopier, Fax Machines, Motor Cars, Pianos, Revolvers, Furniture,
port-land cement, electric batteries, etc.
|
28% (with Cess)
|
Luxury and De-Merits
Goods
|