List of revised tax rates on goods

     Written by : SMTV24x7 | Fri, Jan 19, 2018, 10:30 AM

List of revised tax rates on goods

New Delhi Jan 19: The GST Council in the meeting held on Thursday has decided to revise the tax rates of 29 items and 53 services. The revised tax rates are as follows

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 bio-fuels

Reduction from 28 to 12 %
# All types of old and used motors vehicles [other than medium and large cars and SUVs] on the margin of the supplier of subject to the conditions that no input tax credit of central excise duty /value added tax or GST paid on such vehicles has been availed by him.

Reduction from 18 to 12 %
# Sugar boiled confectionary
# Drinking water packed in 20 litters bottles
# Fertilizer grade Phosphoric acid
#Bio-diesel
#Bio-pesticides -12
#Bamboo wood building joinery
#Drip irrigation system including laterals, sprinklers
#Mechanical Sprayer

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, mock ups and modules, raw material and consumables required for launch vehicles and satellites and payloads.

Reduction from 12 % to 5 %
# Articles of straw, of esparto or of other plaiting materials; basketware and wickerwork
# Velvet fabric (no refund on input tax credit)

Reduction from 3 % to 0.25 %
#Diamonds and precious stones

NIl GST
# Vibhuti
# Parts and accessories for manufacture of hearing aids.
# De-oiled rice bran

Increase of GST to 18 % from 12 %
# Cigarette filter rods

Increase of GST to 5 % from nil
#Rice bran (other than de-oiled rice bran)

The cess on Ambulance 10-13 seated vechiles is reduced to nil from 15 %.