New GST Rates by 31st GST Council meeting

New GST Rates by 31st GST Council meeting

Change in GST Rate(Goods) as recommended by 31st GST Council meeting

new gst rates
  1. Change in GST Rate – 28% to 18%.
    1. Monitors and TVs of upto scrreen size of 32 inches. 
    2. Digital cameras and video camera recorders.
    3. Power bank of lithium ion batteries (Note: Lithium ion batteries are already at 18%)
    4. Video games consoles and other games and sports requisites falling under HSN code 9504.
    5. Re-treaded or used pneumatic tyres or rubber.
    6. Pulleys, transmission shafts and cranks, gear boxes etc. falling under HSN code 8483
  2. Change in GST Rate – 28% to 5%
    1. Parts and accessories for the carriages for disabled persons.
  3. Change in GST Rate 18% to 12%
    1. Articles of natural cork
    2. Agglomerated cork
    3. Cork roughly squared or debagged.
  4. Change in GST Rate – 18% to 5%
    1. Marble rubber.
  5. Changes in GST Rate – 12%to 5%
    1. Walking Stick 
    2. Natural cork
    3. Fly ash blocks
  6. Changes in GST Rate – 12% to NIL
    1. Music Books.
  7. Changes in GST Rate – 5% to NIL
    1. Vegetables, frozen, branded and put in unit container.
    2. vegetables provisionally preserved, but unsuitable in that state for immediate consumption.

Share this post

Facebook
Twitter
LinkedIn
WhatsApp

GST Rates

Here is a summarised version of the list of rate cuts on both Goods and Services:

List of rate changes at 31st GST Council Meeting
SL.noList of Goods/ServicesChanges in Tax Rate
1Vegetables provisionally preserved but unsuitable for immediate consumption5% to Nil
2Vegetables cooked/uncooked via steamed, frozen or boiled (branded)5% to Nil
3Music Books12% to Nil
4Parts for manufacturing renewable energy devices falling under chapter 84, 85 or 94 of Tariff5%
5Natural cork12% to 5%
6Fly ash blocks12% to 5%
7Walking sticks12% to 5%
8Marble rubble18% to 5%
9Agglomerated cork18% to 12%
10Cork roughly squared or debugged18% to 12%
11Articles of Natural cork18% to 12%
12Movie Tickets < or = Rs 10018% to 12%
13Premium on Third party insurance on Vehicles18% to 12%
14Accessories for Handicapped Mobility Vehicles28% to 5%
15Power banks28% to 18%
16Movie Tickets > Rs 10028% to 18%
17Video game consoles, equipments used for Billiards and Snooker and other sport related items of HSN code 950428% to 18%
18Retreated & used pneumatic Rubber Tyres28% to 18%
19Colour Television Sets & monitors up to “32 Inches”28% to 18%
20Digital & Video Camera recorders28% to 18%
21Pulleys, transmission shafts, cranks and gear boxes under HSN 848328% to 18%
22Tax rate on Air travel of pilgrims reduced*28% to 18%

GST Rate revision in 28th GST council meeting

Recent Rate Changes on Goods

GOODS
S.NOItemsNew RateOld rate
1Rakhi (other than that of precious or semi-precious material )Nil18%
2Sanitary NapkinsNil12%
3Circulation and commemorative coinsNil5%
4Raw material for broomNil12%
5Stone/Marble/Wood DeitiesNil5%
6Sal leaves and its productsNil18%
7Khali donaNil18%
8Coir pith CompostNil5%
9Chenille fabrics and other fabrcis under 58015%12%
10Handloom dari5%12%
11Phosphoric Acid (fertilizer grade only)5%12%
12Handmade Carpets, Textile Floor, Coverings5%12%
13Knitted cap/topi having retails sale value exceeding Rs. 10005%12%
14Kota Stones and Simliar Stones (other than polished)5%18%
15Ethanol for sale to oil marketing companies for blending with fuel5%18%
16Solid Bio fuel pellets5%18%
17Marine Engine5%28%
18Bamboo Flooring12%18%
19Hand Operated Rubber Roller12%18%
20Brass Kerosene Pressure Stove12%18%
21Zip and Slide Fastener12%18%
22Handicrafts (Excluding handmade)12%18%
23Handbags including pouches and purses; jewellery box12%18%
24Fuel Cell vehicle12%28%
25Televisions upto 68 cm18%28%
26Glaziers’ putty, grafting putty, resin cements18%28%
27Refrigerators, freezers, water cooler, milk coolers, ice cream freezer18%28%
28Washing Machines18%28%
29Food Grinders & mixer18%28%
30Vacuum Cleaners18%28%
31Paints and Varnishes (including enamels and lacquers)18%28%
32Shavers, Hair Clippers18%28%
33Hair Cleaners18%28%
34Storage water heaters18%28%
35Immersion heaters18%28%
36Hair Dryers, Hand Dryers18%28%
37Electric Smoothing irons18%28%
38Scent Sprays18%28%
39Toilet Sprays18%28%
40Pads for application of cosmetics or toilet preparations18%28%
41Lithium-ion batteries18%28%
42Powder Puffs18%28%
43Special purpose motor vehicles18%28%
44Work Trucks (Self-propelled, not fitted with lifting or handling equipment)18%28%
45Trailers & Semi trailers18%28%

Class 2 Digital Signature FLAT Rs.100 OFF

FLAT 100 OFF on class 2 Digital Signature. Use Coupon Code "100OFF" Hurry Up!

Class 3 Digital Signature FLAT Rs.100 OFF

FLAT 100 OFF on class 3 Digital Signature. Use Coupon Code "100OFF" Hurry Up!

Leave a Reply

Close Menu