GST Council Revises Rates For 29 Goods, 53 Services Categories

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The Full List Of Revised Rates

List Of Goods Where GST Rate Will Be Reduced To 18% From 28%:

• Buses for public transport, which run on bio-fuels
• Old & used motor vehicles (medium & large cars and SUVs) on the margin of the supplier
• Rate cut if no input tax credit of central excise duty/VAT/GST availed

List Of Goods Where GST Rate Will Be Reduced To 12% From 28%:

• Old and used motor vehicles other than medium and large cars and SUVs
• Rate cut if no input tax credit of central excise duty/VAT/GST availed

List Of Goods Where GST Rate Will Be Reduced To 12% From 18%:

• Sugar boiled confectionary
• Drinking water packed in 20 litre bottles
• Fertiliser grade phosphoric acid
• Bio-diesel
• 12 categories of bio-pesticides
• Bamboo wood building joinery
• Drip irrigation system including laterals, sprinklers
• Mechanical Sprayer

List Of Goods Where GST Rate Will Be Reduced To 5% From 18%:

• Tamarind kernel powder
• Mehendi paste in cones
• LPG supplied for supply to household domestic consumers by private LPG distributors
• 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

List Of Goods Where GST Rate Will Be Reduced To 5% From 12%:

• Articles of straw, of esparto or of other plaiting materials; basketware and wickerwork

List Of Goods Where GST Rate Will Be Reduced To 5% From 12% (With No Refund Of Unutilised Input Tax Credit):

• Velvet fabric

List Of Goods Where GST Rate Will Be Reduced To 0.25% From 3%:

• Diamonds and precious stones

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