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: 20-06-2019 Income Tax Return filing: From home loan to education loan, how certain loan products can help you Date: 20-06-2019 Tax body seeks extension of GST return filing by four months Date: 20-06-2019 Washington apples in soup as India imposes tariff Date: 20-06-2019 Budget 2019: As surge in scrap imports hurts, aluminium industry asks for duty cover Date: 20-06-2019 Gold sprints to over five-year peak after Fed hints at rate cuts Date: 19-06-2019 Siemens to cut 2,700 jobs at gas and power unit Date: 19-06-2019 US-China economic relationship ‘unbalanced’: USTR Date: 19-06-2019 Bogus IGST refund claims: Govt to verify exporters' claims before sanctioning Date: 19-06-2019 Rupee opens 14 paise higher ahead of Fed outcome Date: 19-06-2019 Bangladesh seeks Indian investments in 100 Special Economic Zones What is New? Date: 18-06-2019 Notification No. 42/ 2019-Customs (N.T.) Customs (Supplementary Notice) Regulations, 2019 Date: 18-06-2019 Notification No. 43/2019-Customs(N.T.) Proper officer for Customs (Supplementary Notice) Regulations, 2019 Date: 17-06-2019 Circular No. 16/2019-Customs –IGST refunds- mechanism to verify the IGST payments for goods exported out of India in certain cases- reg. Date: 15-06-2019 Policy Circular No. 23/2015-20 Non-requirement of submission of Hard copy of application at RAs for issue of Advance Authorisation (AA) & EPCG Authorisation Date: 15-06-2019 ECA Circular No. 24 Administrative Review of Adjudication Orders passed by subordinate officers - regarding. Date: 15-06-2019 Notification No.16/2019–Customs Seeks to increase the tariff rate of customs duty on lentils, boric acid and laboratory reagents by amending First schedule to the Customs Tariff Act, 1975 under emergency powers under section 8A of the Customs Tariff Act. Date: 15-06-2019 Notification No.17/2019-Customs Seeks to further amend notification No. 50/2017-Customs dated 30.06.2017 to implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA and preserving the existing MFN rate for all these goods for all countries other than USA. Date: 14-06-2019 Notification No. 41/2019-CUSTOMS (N.T.) Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg Date: 14-06-2019 PUBLIC NOTICE NO. 11/2015-2020 Waiving off the requirement of destruction certificate from excise/custom authorities for the unutilised duty free imported material in case of imports from unregistered sources with pre-import conditions. Date: 14-06-2019 Notification No. 15/2019-Customs Seeks to further amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 16th May, 2019 to 16th June, 2019.
Indian Customs CBEC - Indian Customs Offices Indian Customs Duty Customs Exchange Rate HS Code List - Countrywise Safegaurd Duty Anti Dumping Duty Duty Drawback Rates
DGFT Dgft offices in India Exim Policy IEC Number Dgft Notification Dgft Public Notices Dgft Circulars Trade Notice Depb Rates
Central Excise Central Excise Offices Central Excise Duty Central Excise Notification Central Excise Notification tarrif Central Excise Notification Non-Tarrif Central Excise Circulars Central Excise Instruction Central Excise Manual