Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 29-7-2018 – Vide Notification No. 1/2017-Integrated Tax (Rate), dated 28th June, 2017 the Central Government notified in Schedule IV the list of goods that are covered under 28% tax regime. 229 goods have come under this tax regime. Since there is opposition from the stakeholders of this high rate of tax and considering the trade and industry the GST Council has reduced the tax rate from 28% to various rates in various notifications issued from time to time by the Government of India. The GST Council in the 28th meeting held on 21.07.2018 has also reduced the 28% tax rate to lesser tax rates. Vide Notification No. 19/2018-Integrated Tax (Rate), dated 26.07.2018 the Central Government reduced tax rate from 28% to lower rates. The said notification comes into effect from 27.07.2018. After incorporating the changes brought in the Notification No. 19/2018-Integrated Tax (Rate) the following goods are covered under 28% GST
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engines) 116 8409 Parts suitable for use solely or principally with the engines of heading 8407 or 8408 117 8413 concrete pumps [8413 40 00], other rotary positive displacement pumps [8413 60], [other than hand pumps falling under tariff item 8413 11 10] 119 8415 Air-conditioning machines, comprising a motor-driven fan and elements for changing the temperature and humidity, including those machines in which the humidity cannot be separately regulated 122 8422 Dish washing machines, household [8422 11 00] and other [8422 19 00] 135 8483 Transmission shafts (including cam shafts and crank shafts) and cranks (excluding crankshaft for sewing machine); gear boxes and other speed changers, including torque converters; flywheels and pulleys, including pulley blocks; clutches and shaft couplings (including universal joint 139 8507 Electric accumulators, including separators therefor, whether or not rectangular (including square) other than Lithium-ion battery 143 8511 Electrical ignition or s
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port, which exclusively run on Bio-fuels 165 8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702), including station wagons and racing cars [other than Cars for physically handicapped persons 166 8704 Motor vehicles for the transport of goods [other than Refrigerated motor vehicles] 168 8706 Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705 169 8707 Bodies (including cabs), for the motor vehicles of headings 8701 to 8705 170 8708 Parts and accessories of the motor vehicles of headings 8701 to 8705 [other than specified parts of tractors] 173 8711 Motorcycles (including mopeds) and cycles fitted with an auxiliary motor, with or without side-cars; side-cars 174 8714 Parts and accessories of vehicles of headings 8711 and 871 176 8802 Aircrafts for personal use 177 8903 Yachts and other vessels for pleasure or sports; rowing boats and canoes 210 9302 Revolvers and pistols, other than those o
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