GST : 27 items,12 services tax rates reduced List

     Written by : SMTV24x7 | Sat, Oct 07, 2017, 10:42 AM

GST : 27 items,12 services tax rates reduced List

New Delhi Oct 7: The GST council in its 22 meeting has announced some relief for all sectors.The council has reduced the tax rates on following 27 items and 12 services tax rates have also been reduced.

Food Items
# Mango Slices Dried 5 % ( earlier 12 %)
# Khakra/Roti -5 % (earlier 12 %)
# ICDS food packets -5 % (earlier 18 %)
# unbranded Namkeen -5 % (earlier 12 %)

Medicines/health
# Unbranded Ayurvedic,Unani,Homeopathy medicines -5 % (earlier 12 %)
# Duty credit scrips- Nil (earlier 5 %)

Stationery
# poster colour,Modelling paste for children amusement - 18 %(earlier 28 %)
# clips, Fittings for loose-leaf binders or files, letter clips, letter corners, paper clips, indexing tags and similar office articles,staples in strips (for example, for offices, upholstery, packaging) -18 % (earlier 28 %)

scrap/waste



# Plastic waste,parings or scrap- 5 % (earlier 18 %)
# Rubber waste, parings or scrap -5 % (earlier 18 %)
# Hard Rubber waste or scrap-5 % (earlier 28 %)
# Paper waste or scrap- 5 % (earlier 12 %)
# Cullet or other waste or scrap of Glass- 5 % (earlier 18 %)
# E-waste and Biomass briqutes -5 % (earlier 28/18 )

Textiles

# Sewing thread of manmade filaments -12 % (earlier 18 %)
# All synthetic filament yarn, such as nylon, polyester, acrylic, etc.- 12 % (earlier 18 %)
# All artificial filament yarn, such as viscose rayon, Cuprammonium,-12 % (earlier 18 %)
#Sewing thread of manmade staple fibres,Yarn of manmade staple fibres -12 % (earlier 18 %)

Retail
# stones used in shops for flooring (other than Marble and Granite) -18 % (earlier 28 %)

Agriculture
# parts of diesel engine and pumps - 18 % (earlier 28 %)

services tax rates reduced

# Job works on zari - 5 % ( earlier 12 %)
# Job works on food items and printing items -5 % (earlier 12 %)
# Government contracts involving high amount of labour will be levied 5 % (earlier 12 %)
-(such as irrigation projects)
# Service providers with revenue below Rs 20 lakh have been exempted from IGST as well