GST Council cuts tax rates on 27 items, 12 services - Complete list
New Delhi : Facing severe criticism over the implementation of Goods and Services Tax, the government on Friday announced a slew of measures to ease the concerns of traders, exporters and small business while slashing the rates on 27 items of common consumption, including roti, khakra, namkeens, stationery, man-made yarn - with most of them brought to five percent category.
12 services have also been made cheaper in the latest GST council meeting held in New Delhi. Here is the complete list of goods and services which have been benefited.
1) Mango sliced dried
Old rate: 12%
New rate: 5%
2) Khakra and plain chapati
Old rate: 12%
New rate: 5%
3) 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
Old rate: 18%
New rate: 5%
4) 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
Old rate: 12%
New rate: 5%
5) Imposing GST only on the net quantity of superior kerosene oil [SKO] retained for the manufacture of Linear Alkyl Benzene [LAB]
Old rate: 18%
New rate: 18% (Clarification to be issued)
6) Ayurvedic, Unani, Siddha, Homeopathy medicines, other than those bearing a brand name
Old rate: 12%
New rate: 5%
7) Poster Colour
Old rate: 28%
New rate: 18%
8) Modelling paste for children amusement
Old rate: 28%
New rate: 18%
9) Plastic waste, parings or scrap
Old rate: 18%
New rate: 5%
10) Rubber waste, parings or scrap
Old rate: 18%
New rate: 5%
11) Hard Rubber waste or scrap
Old rate: 28%
New rate: 5%
12) Paper waste or scrap
Old rate: 12%
New rate: 5%
13) Duty credit scrips
Old rate: 5%
New rate: Nil
14) Sewing thread of manmade filaments, whether or not put up for retail sale
Old rate: 18%
New rate: 12%
15) All synthetic filament yarn, such as nylon, polyester, acrylic, etc.
Old rate: 18%
New rate: 12%
16) All artificial filament yarn, such as viscose rayon, Cuprammonium,
Old rate: 18%
New rate: 12%
17) Sewing thread of manmade staple fibres
Old rate: 18%
New rate: 12%
18) Yarn of manmade staple fibres
Old rate: 18%
New rate: 12%
19) Real Zari
Old rate: 12%
New rate: 5%
20) All goods falling under heading 6802 [other than those of marble and granite or those which attract 12 percent GST]
Old rate: 28%
New rate: 18%
21) Cullet or other waste or scrap of Glass
Old rate: 18%
New rate: 5%
22) 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
Old rate: 28%
New rate: 18%
23) Plain Shaft Bearing 8483
Old rate: 28%
New rate: 18%
24) Parts suitable for use solely or principally with fixed Speed Diesel Engines of power not exceeding 15HP
Old rate: 28%
New rate: 18%
25) 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
Old rate: 28%
New rate: 18%
26) E-Waste
Old rate: 28/18 %
New rate: 5%
27) Biomass briquettes
Old rate: 18 %
New rate: 5%
The Council also rationalised GST rates on 12 job work services:
# Job work services in relation to all products falling in Chapter 71 (including imitation jewellery) - 5%
# 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%
# 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%
# Job work in relation to manufacture of umbrella - 12%
# Job work in relation to manufacture of clay bricks falling under CTH 69010010 - 5%
# 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%
# 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%
# 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%
# 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%
# Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST at12%, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer - 12%
# Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST at18% or above, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer - 18%
# To issue a clarification with regard to classification of printing products/services.
