Hello readers, through this post you will get information about “New GST Rates on Goods”.  In the meeting held today, that is 10th November, 2017, the Council has recommended major relief in GST rates on certain goods and services. These recommendations spread across many sectors and across commodities.  Image result for GST RATES

Goods on which the Council has recommended reduction in GST rate from 28% to 18% include:-

  1. Wire, cables, insulated conductors, electrical insulators, electrical plugs, switches, sockets, fuses, relays, electrical connectors
  2. Electrical boards, panels, consoles, cabinets etc for electric control or distribution
  3. Particle/fibre boards and ply wood. Article of wood, wooden frame, paving block
  4. Furniture, mattress, bedding and similar furnishing
  5. Trunk, suitcase, vanity cases, brief cases, travelling bags and other hand bags, cases
  6. Detergents, washing and cleaning preparations
  7. Liquid or cream for washing the skin
  8. Shampoos; Hair cream, Hair dyes (natural, herbal or synthetic) and similar other goods; henna powder or paste, not mixed with any other ingredient;
  9. Pre-shave, shaving or after-shave preparations, personal deodorants, bath preparations, perfumery, cosmetic or toilet preparations, room deodorisers
  10. Perfumes and toilet waters
  11. Beauty or make-up preparations
  12. Fans, pumps, compressors
  13. Lamp and light fitting
  14. Primary cell and primary batteries
  15. Sanitary ware and parts thereof of all kind
  16. Articles of plastic, floor covering, baths, shower, sinks, washbasins, seats, sanitary ware of plastic
  17. Slabs of marbles and granite
  18. Goods of marble and granite such as tiles
  19. Ceramic tiles of all kinds
  20. Miscellaneous articles such as vacuum flasks, lighters,
  21. Wrist watches, clocks, watch movement, watch cases, straps, parts
  22. Article of apparel & clothing accessories of leather, guts, furskin, artificial fur and other articles such as saddlery and harness for any animal
  23. Articles of cutlery, stoves, cookers and similar non electric domestic appliances
  24. Razor and razor blades Image result for GST RATES
  25. Multi-functional printers, cartridges
  26. Office or desk equipment
  27. Door, windows and frames of aluminium.
  28. Articles of plaster such as board, sheet,
  29. Articles of cement or concrete or stone and artificial stone,
  30. Articles of asphalt or slate,
  31. Articles of mica
  32. Ceramic flooring blocks, pipes, conduit, pipe fitting
  33. Wall paper and wall covering
  34. Glass of all kinds and articles thereof such as mirror, safety glass, sheets, glassware
  35. Electrical, electronic weighing machinery
  36. Fire extinguishers and fire extinguishing charge
  37. Fork lifts, lifting and handling equipment,
  38. Bull dozers, excavators, loaders, road rollers,
  39. Earth moving and levelling machinery,
  40. Escalators,
  41. Cooling towers, pressure vessels, reactors
  42. Crankshaft for sewing machine, tailor’s dummies, bearing housings, gears and gearing; ball or roller screws; gaskets
  43. Electrical apparatus for radio and television broadcasting
  44. Sound recording or reproducing apparatus
  45. Signalling, safety or traffic control equipment for transports
  46. Physical exercise equipment, festival and carnival equipment, swings, shooting galleries, roundabouts, gymnastic and athletic equipment
  47. All musical instruments and their parts
  48. Artificial flowers, foliage and artificial fruits
  49. Explosive, anti-knocking preparation, fireworks
  50. Cocoa butter, fat, oil powder,
  51. Extract, essence ad concentrates of coffee, miscellaneous food preparations
  52. Chocolates, Chewing gum / bubble gum
  53. Malt extract and food preparations of flour, groats, meal, starch or malt extract
  54. Waffles and wafers coated with chocolate or containing chocolate
  55. Rubber tubes and miscellaneous articles of rubber
  56. Goggles, binoculars, telescope,
  57. Cinematographic cameras and projectors, image projector,
  58. Microscope, specified laboratory equipment, specified scientific equipment such as for meteorology, hydrology, oceanography, geology
  59. Solvent, thinners, hydraulic fluids, anti-freezing preparation

Goods on which the Council has recommended reduction in GST rate from 28% to 12% are:-

  1. Wet grinders consisting of stone as grinder
  2. Tanks and other armoured fighting vehicles

Other changes/rationalisation of GST rates on goods:

18% to 12%

  1. Condensed milk
  2. Refined sugar and sugar cubes
  3. Pasta
  4. Curry paste, mayonnaise and salad dressings, mixed condiments and mixed seasoning
  5. Diabetic food
  6. Medicinal grade oxygen
  7. Printing ink
  8. Hand bags and shopping bags of jute and cotton
  9. Hats (knitted or crocheted)
  10. Parts of specified agricultural, horticultural, forestry, harvesting or threshing machinery
  11. Specified parts of sewing machine
  12. Spectacles frames
  13. Furniture wholly made of bamboo or cane

18% to 5% Image result for GST RATES

  1. Puffed rice chikki, peanut chikki, sesame chikki, revdi, tilrevdi, khaza, kazuali, groundnut sweets gatta, kuliya
  2. Flour of potatoes put up in unit container bearing a brand name
  3. Chutney powder
  4. Fly ash
  5. Sulphur recovered in refining of crude
  6. Fly ash aggregate with 90% or more fly ash content

12% to 5%

  1. Desiccated coconut
  2. Narrow woven fabric including cotton newar [with no refund of unutilised input tax credit]
  3. Idli, dosa batter
  4. Finished leather, chamois and composition leather
  5. Coir cordage and ropes, jute twine, coir products
  6. Fishing net and fishing hooks
  7. Worn clothing
  8. Fly ash brick

5% to nil

  1.  Guar meal
  2.  Hop cone (other than grounded, powdered or in pellet form)
  3.  Certain dried vegetables such as sweet potatoes, maniac
  4.  Unworked coconut shell
  5.  Fish frozen or dried (not put up in unit container bearing a brand name)
  6.  Khandsari sugar

Miscellaneous

  1. GST rates on aircraft engines from 28%/18% to 5%, aircraft tyres from 28% to 5% and aircraft seats from 28% to 5%.
  2. GST rate on bangles of lac/shellac from 3% GST rate to Nil.