Press releases relating to changes in rates of goods the 25th meeting of the GST Council held in New Delhi on 18.01.2018: EximGuru.com Recommendations for Changes In GST/IGST Rate andClarifications in Respect of GST Rate on Certain Goods[As per discussions in the 25th GST Council Meeting held on 18th January, 2018]These decisions of the GST Council are being communicated for general information, and will be given effect to through Gazette notifications / circulars which only shall have the force of law. A. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 28% TO 18%: S. No. Chapter/Heading/Subheading/Tariff item Description 1 87 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. 2 8702 Buses, for use in public transport, which exclusively run on bio-fuels. B. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 28% TO 12%: S. No. Chapter/Heading/Subheading/Tariff item Description 1 87 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. C. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 18% TO 12%: S. No. Chapter/Heading/Subheading/Tariff item Description 1 1704 Sugar boiled confectionary 2 2201 Drinking water packed in 20 litters bottles 3 2809 Fertilizer grade Phosphoric acid 4 29 or 38 Bio-diesel 5 38 The following Bio-pesticides, - S. No. Name of the bio pesticide 1 Bacillus thuringiensis var. israelensis 2 Bacillus thuringiensis var. kurstaki 3 Bacillus thuringiensis var. galleriae 4 Bacillus sphaericus 5 Trichoderma viride 6 Trichoderma harzianum 7 Pseudomonas fluoresens 8 Beauveriabassiana 9 NPV of Helicoverpaarmigera 10 NPV of Spodopteralitura 11 Neem based pesticides 12 Cymbopogan 6 4418 Bamboo wood building joinery 7 8424 Drip irrigation system including laterals, sprinklers 8 8424 Mechanical Sprayer D. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 18% TO 5%: S. No. Chapter/Heading/Subheading/Tariff item Description 1 13 Tamarind Kernel Powder 2 1404/3305 Mehendi paste in cones 3 2711 LPG supplied for supply to household domestic consumers by private LPG distributors 4 88 or any other chapter 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 E. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 12% TO 5%: S. No. Chapter/Heading/Subheading/Tariff item Description 1 4601, 4602 Articles of straw, of esparto or of other plaiting materials; basketware and wickerwork F. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR INCREASE FROM 12% TO 18%: S. No. Chapter/Heading/Subheading/Tariff item Description 1 5601 22 00 Cigarette filter rods G. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 12% TO 5% WITH NO REFUND OF UNUTILISED INPUT TAX CREDIT: S. No. Chapter/Heading/Subheading/Tariff item Description 1 5801 37 20 Velvet fabric H. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 3% TO 0.25%: S. No. Chapter/Heading/Subheading/Tariff item Description 1 7102 Diamonds and precious stones I. NIL GST RATE: (i) Vibhuti(ii) Parts and accessories for manufacture of hearing aids.(iii) De-oiled rice bran J. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR INCREASE FROM NIL TO 5%: S. No. Chapter/Heading/Subheading/Tariff item Description 1 2302 Rice bran (other than de-oiled rice bran) K. CHANGES IN COMPENSATION CESS ON CERTAIN GOODS: S. No. Chapter/ Heading/ Subheading/ Tariff item Description Present Compens ation Cess Rate Compensation Cess Rate Recommended 1 8702 Motor vehicles [falling under heading 8702, as it was in excise regime] cleared as ambulances, duly fitted with all fitments, furniture and accessories necessary for an ambulance from the factory manufacturing such vehicles.10- 13 seater buses and ambulances, subject to specified conditions. 15% Nil 2 87 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. Applicable rate Nil 3 87 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. Applicable rate Nil L. CHANGES IN IGST RATE RECOMMENDED ON CERTAIN GOODS: S. No. Chapter/ Heading/ Subheading/ Tariff item Description Present IGST Rate IGST Rate Recommended 1 88or any other chapter Satellites and payloads and 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 18% 5% M. MODIFICATION IN DEFINITION/ CLARIFICATION IN RESPECT OF CHANGES IN GST/IGST RATES ON GOODS: S. No. Chapter/ Heading/ Subheading/ Tariff item Description Present GST Rate Modification/clarification Recommended 1 27 Poly Butylene Feed Stock & Liquefied Petroleum Gas 18% The GST to apply only on the net quantity of Poly Butylene Feed Stock or Liquefied Petroleum Gases retained for the manufacture of Poly Iso Butylene or Propylene or di-butyl para cresol respectively, subject to specified conditions. 2 Any chapter Rail coach industry Applicable GST rate Only the goods falling under chapter 86 attract 5% GST rate with no refund of unutilised ITC.Goods falling in any other chapter will attract applicable GST rate under the respective chapters, even if supplied to the Indian railways. 3 2701 Coal rejects 5% + Rs. 400 PMT Compensation Cess Coal rejects fall under heading 2701 and attract 5% GST and Rs. 400 PMT Compensation Cess. It is proposed to issue notification giving effect to the recommendations of the Council on 25th January, 2018 to be effective from 00 HRS on 25th January, 2018
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 18-10-2018 Composition scheme biz need not file purchase details while filing GST quarterly returns Date: 18-10-2018 Commerce ministry working on new export incentive scheme Date: 18-10-2018 Mid and small cap: Tech, pharma, consumer stocks top performers while majority of stocks trade in re Date: 18-10-2018 PM Narendra Modi can learn these lessons from Cairn on raising oil output Date: 18-10-2018 US says it could remove India from currency monitoring list Date: 16-10-2018 Group of ministers says GST Council to seek states' views on 'disaster tax' Date: 16-10-2018 Nissan Kicks India Unveil on 18th October: Top facts about Nissan Terrano replacement Date: 23-10-2018 Trade deficit in September at 5-month low; exports in witness negative growth Date: 16-10-2018 Big boost to petroleum and fertilizer sector: Saudi Arabia, UAE reiterate investment plans in India Date: 16-10-2018 Trade worries: Export shrink again in September, worst plunge in 26 months What is New? Date: 28-10-2018 Notification No. 71/2018-Customs Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002. Date: 11-10-2018 Notification No. 74/2018–Customs seeking to ammend First Schedule of Customs Tariff Act, 1975. Date: 11-10-2018 Notification No. 75/2018 – Customs seeking to ammend Notifcation No. 57/2017 dated 30th June, 2017 Date: 11-10-2018 Notification No. 76/2018 – Customs seeking to ammend Notifcation No. 24/2005 dated 1st March, 2005 Date: 10-10-2018 Notification No. 22/2018-Central Excise Seeks to amend notification No. 11/2017-Central Excise dated 30th June, 2017 in order to reduce Central Excise duty rates on Aviation Turbine Fuel. Date: 09-10-2018 Notification No. 51/2018-Customs (ADD) seeks to amend the notification No. 23/2103 dated the 10th October, 2013 to extend the levy of anti-dumping duty on the imports of " Ductile Iron Pipes " originating in or exported from China PR.. Date: 09-10-2018 Circular No. 37/2018-Customs Cases where IGST refund have not been granted due to claiming higher rate of drawback or where higher rate and lower rate were identical Date: 09-10-2018 Notification No. 53/2018 – Central Tax Seeks to make amendments (Eleventh Amendment, 2018) to the CGST Rules, 2017. This notification restores rule 96(10) to the position that existed before the amendment carried out in the said rule by notification No. 39/2018- Central Tax dated 04.09.2018. Date: 09-10-2018 Notification No. 54/2018 – Central Tax Seeks to make amendments (Twelfth Amendment, 2018) to the CGST Rules, 2017. This notification amends rule 96(10) to allow exporters who have received capital goods under the EPCG scheme to claim refund of the IGST paid on exports and align rule 89(4B) to make it consistent with rule 96(10). Date: 09-10-2018 Notification No. 53/2018 – Central Tax Seeks to make amendments (Eleventh Amendment, 2018) to the CGST Rules, 2017. This notification restores rule 96(10) to the position that existed before the amendment carried out in the said rule by notification No. 39/2018- Central Tax dated 04.09.2018.
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