Reduction in GST Rates for 27 Items

Reduction in GST Rates for 27 Items As per discussions held in the 22 nd GST Council Meeting held under Chairmanship of Union FinanceMiniste

CA Deepak Gupta

Oct 7, 2017

Last update on Oct 7, 2017

Reduction in GST Rates for 27 Items As per discussions held in the 22^nd GST Council Meeting held under Chairmanship of Union FinanceMinister Shri Arun Jaitley on 6^th October, 2017, the below are list of 27 items where council has reduced the rate of GST Items. A. GST RATE FOR FOLLOWING GOODS HAVE BEEN REDUCED

S.No.	Chapter/ Heading/ Sub- heading/ Tariff item	Description	Present GST Rate	GST Rate Recommended by the GST Council
1	804	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 duly approved 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 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 oce articles, of base metal; staples in strips (for example, for oces, upholstery, packaging), of base metal	28%	18%
23	8483	Plain Shaft Bearing 8483	28%	18%
24	84	Parts suitable for use solely or principally withfixed 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%

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.