Goods and Services Tax – GST – Dated:- 18-1-2018 – The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain in GST/IGST rate and clarifications in respect of GST rate on Goods specified below as per discussions in the 25thGST Council Meeting held today. These decisions of the GST Council are being communicated for general information, and will be given effect to through Gazette notifications / circulars which only shall have the force of law. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 28% TO 18%: S. No. Chapter/Heading/Sub-heading/Tariff item Description 1. 87 Old and used motor vehicles [medium and large cars and SUVs] on the margin of the supplier, subject to the condition that no input tax credit of central excise duty/value added tax or GST paid on such vehicles has been availed by him. 2. 8702 Buses, for use in public transport, which exclusively run on bio-fuels. LIST OF G
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armigera 10 NPV of Spodopteralitura 11 Neem based pesticides 12 Cymbopogan 6. 4418 Bamboo wood building joinery 7. 8424 Drip irrigation system including laterals, sprinklers 8. 8424 Mechanical Sprayer D. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 18% TO 5%: S. No. Chapter/Heading/Sub-heading/Tariff item Description 1. 13 Tamarind Kernel Powder 2. 1404/3305 Mehendi paste in cones 3. 2711 LPG supplied for supply to household domestic consumers by private LPG distributors 4. 88 or any other chapter Scientific and technical instruments, apparatus, equipment, accessories, parts, components, spares, tools, mock ups and modules, raw material and consumables required for launch vehicles and satellites and payloads E. LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 12% TO 5%: S. No. Chapter/Heading/Sub-heading/Tariff item Description 1. 4601, 4602 Articles of straw, of esparto or of other plaiting materials; basketware and wickerwork F. LIST OF GOODS ON WHICH
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icles [falling under heading 8702, as it was in excise regime] cleared as ambulances, duly fitted with all fitments, furniture and accessories necessary for an ambulance from the factory manufacturing such vehicles.10-13 seater buses and ambulances, subject to specified conditions. 15% Nil 87 Old and used motor vehicles [medium and large cars and SUVs], on the margin of the supplier, subject to the condition that no input tax credit of central excise duty/value added tax or GST paid on such vehicles has been availed by him. Applicable rate Nil 87 All types of old and used motors vehicles [other than medium and large cars and SUVs] on the margin of the supplier of subject to the conditions that no input tax credit of central excise duty /value added tax or GST paid on such vehicles has been availed by him. Applicable rate Nil L. CHANGES IN IGST RATE RECOMMENDED ON CERTAIN GOODS: S. No Chapter/Heading/Sub-heading/Tariff item Description Present IGST Rate IGST Rate Recommended 88or any ot
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