GST Council tweaks rates of 27 items! Here is what got cheaper
Prime Minister Narendra Modi welcomed the changes put forth by the Council and said that GST has become 'simpler'.
Mumbai: The GST Council, headed by Finance Minister Arun Jaitley on Friday announced a slew of relief measures for exporters, small and medium businesses and also tweaked the rates for a number of items.
Prime Minister Narendra Modi welcomed the changes put forth by the Council and said that GST has become "simpler".
Jaitley said the GST rates for 27 items had been changed. Here is a look at what got cheaper:
Description | Present GST rate | GST rate recommended by GST Council |
Mango sliced dried | 12 per cent | 5 per cent |
Khakra and plain chapati / roti | 12 per cent | 5 per cent |
ICDS food packets | 18 per cent | 5 per cent |
Loose, unbranded namkeen | 12 per cent | 5 per cent |
Unbranded Ayurvedic, Unani, Siddha, Homeopathy medicines | 12 per cent | 5 per cent |
Poster colour | 28 per cent | 18 per cent |
Modelling paste for children amusement | 28 per cent | 18 per cent |
Plastic waste, parings or scrap | 18 per cent | 5 per cent |
Rubber waste, parings or scrap | 18 per cent | 5 per cent |
Hard Rubber waste or scrap | 28 per cent | 5 per cent |
Paper waste or scrap | 12 per cent | 5 per cent |
Duty credit scrips | 5 per cent | Nil |
Sewing thread of man-made filaments, whether or not put up for retail sale | 18 per cent | 12 per cent |
All synthetic filament yarn, such as nylon, polyester, acrylic, etc. | 18 per cent | 12 per cent |
All artificial filament yarn, such as viscose rayon, Cuprammonium | 18 per cent | 12 per cent |
Sewing thread of man-made staple fibres | 18 per cent | 12 per cent |
Yarn of man-made staple fibres | 18 per cent | 12 per cent |
Real zari | 12 per cent | 5 per cent |
All goods falling under heading 6802 (other than those of marble and granite or those which attract 12% GST) | 28 per cent | 18 per cent |
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 | 28 per cent | 18 per cent |
Plain Shaft Bearing 8483 | 28 per cent | 18 per cent |
Parts suitable for use solely or principally with fixed Speed Diesel Engines of power not exceeding 15HP | 28 per cent | 18 per cent |
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 | 28 per cent | 18 per cent |
E-waste | 28 per cent/ 18 per cent | 5 per cent |
Biomass briquettes | 18 per cent | 5 per cent |
( Source : Deccan Chronicle. )
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