49 Items Got Cheaper After Yet Another GST Rate Cut. Here’s The Full List

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On the 25th GST Council meet, the council reduced tax rate on 49 items and put 29 handicraft products under 0 percent tax bracket.

Uttarakhand Finance Minister Prakash Pant said, “Some of our recommendations and suggestions were considered but some of them were rejected. Around 29 handicraft items have been put in 0 percent slab. The tax has been reduced on around 49 items.”

The change in rates will be applicable from 25 January 2018. You can check the full list of the finalised goods here:

List of goods on which GST council recommended for 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 biofuels.

 List of goods on which GST rate recommended for reduction from 18% to 12%:

  • Sugar boiled confectionary
  • Drinking water packed in 20 litters bottles
  • Fertilizer grade Phosphoric acid
  • Bio-diesel
  • The following Bio-pesticides: Bacillus thuringiensis var. Israelensis, Bacillus thuringiensis var. Kurstaki, Bacillus thuringiensis var. Galleriae, Bacillus sphaericus, Trichoderma viride, Trichoderma harzianum, Pseudomonas fluoresens, Beauveriabassiana, NPV of Helicoverpaarmigera, NPV of Spodopteralitura, Neem based pesticides and Cymbopogan
  • Bamboo wood building joinery
  • Drip irrigation system including laterals, sprinklers
  • Mechanical Sprayer

List of goods on which GST rate recommended for 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, mockups and modules, raw material and consumables required for launch vehicles and satellites and payloads

List of goods on which GST rate recommended for an increase from 12% to 18%:

  • Cigarette filter rods

List of goods on which GST rate recommended for reduction from 12% to 5%:

  • Articles of straw, of esparto or of other plaiting materials; basket-ware and wickerwork

List of goods on which GST rate recommended for reduction from 12% to 5% with no refund of unutilised input tax credit:

  • Velvet fabric

List of goods on which GST rate recommended for reduction from 3% to 0.25%:

  • Diamonds and precious stones

Nil GST rate:

  • Vibhuti
  • Parts and accessories for the manufacture of hearing aids
  • De-oiled rice bran

List of goods on which GST rate recommended for an increase from nil to 5%:

  • Rice bran (other than de-oiled rice bran)

 

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