Friday 6 October 2017

Complete list of 27 items that got cheaper after GST meet

Complete list of 27 items that got cheaper after today's GST meet

After the GST Council meeting, Finance Minister Arun Jaitley said small businesses would be allowed to file tax returns once a quarter instead of every month. He also said duties would be cut on some products and the threshold for lower tax would be raised.

The panel also decided to reduce tax rates for items including diesel engine parts, man-made yarn, ready-to-eat snacks, plastic and paper waste.

Here's the complete list:

S.
No.
Chapter/
Heading/
Sub-heading/
Tariff item
Description
Present GST Rate
GST Rate Recommended by the GST Council
1.       
0804
Mangoes sliced dried
12%
5%
2.      
 
1905 or 2106
Khakra and plain chapati / roti
12%
5%
3.       
19 or 21
 
Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme dulyapproved by the Central Government or any State Government, subject to specified conditions [Foot note 1]
18%
 
5 %

 
4.       
21
Namkeens other than those put up in unit container and, -
(a) bearing a registered brand name; or
(b) bearing a brand name on which an actionable claim or enforceable right in a court of law is available [other than those where any actionable claim or enforceable right in respect of such brand name has been foregone voluntarily
[Foot note 2]
12%
5%
5.       
2710
Imposing GST only on the net quantity of superior kerosene oil [SKO] retained for the manufacture of Linear Alkyl Benzene [LAB]
18%
18%
[Clarification to be issued]
6.       
30
Ayurvedic, Unani, Siddha, Homeopathy medicines, other than those bearing a brand name
[Foot note 3]
12%
5%
7.       
3213
Poster Colour
28%
18%
8.       
3407
Modelling paste for children amusement
28%
18%
9.       
3915
Plastic waste, parings or scrap
18%
5%
10.   
4004 00 00
Rubber  waste, parings or scrap 
18%
5%
11.   
4017 00 20
Hard Rubber waste or scrap
28%
5%
12.   
4707
Paper waste or scrap
12%
5%
13.   
4907
Duty credit scrips
5%
Nil
14.   
5401
Sewing thread of manmade filaments, whether or not put up for retail sale
 
18%
12%
15.   
5402, 5404, 5406
All synthetic filament yarn, such as nylon, polyester, acrylic, etc.
 
18%
12%
16.   
5403, 5405, 5406
 
All artificial filament yarn, such as viscose rayon, Cuprammonium,
18%
12%
17.   
5508
Sewing thread of manmade staple fibres
 
18%
12%
18.   
5509, 5510, 5511
Yarn of manmade staple fibres
18%
12%
19.   
5605
Real Zari
12%
5%
20.   

6802
All goods falling under heading 6802 [other than those of marble and granite or those which attract 12% GST]
28%
18%
21.   
7001
Cullet or other waste or scrap of Glass
 
18%
5%
22.   
8305
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%
18%
23.   
8483
Plain Shaft Bearing 8483
28%
18%
24.   
84
Parts suitable for use solely or principally with fixed Speed Diesel Engines of power not exceeding 15HP
 
28%
18%
25.   
84 or 85
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%
18%
26.   
84 or 85
E-Waste
28%/18%
5%
27.   
Any Chapter
Biomass briquettes
18%
5%

No comments:

Post a Comment

Cabinet approves National Policy on Biofuels - 2018

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved National Policy on Biofuels – 2018. Salient Fe...