Friday, October 26, 2018

GST Tax Rate amendment in 28th meeting

https://www.corporateslaw.com/2018/10/gst-tax-rate-amendment-in-28th-meeting.html

-:28th GST tax counseling meeting was on at 21st July. Some goods and Service GST rate has been revised which is mention below:-





GOODS
SR.No.
ITEMS(UNDER GOODS)
New RATE
OLD RATE
1.
Firecrackers
18%
18%
2.
Rakhi [ Except precious & semi Precious metal]
-
18%
3.
Sanitary Napkins
-
12%
4.
Circulation coins
-
5%
5.
Raw material from broom
-
12%
6.
Stone,Marbels,wood god statuesqueness
-
5%
7.
Sal leaves and its products
-
18%
8.
Kahli dona
-
18%
@5%
SR.No.
ITEMS(UNDER GOODS)
New RATE
OLD RATE
1.
Handloom Dari









5%


12%
2.
Phosphoric Acid [ Fertilizer grade ]
3.
Knitted cap/topi having sale value exceeding Rs. 1000
4.
Chenille fabrics and other fabrics under 5801
5.
Handmade Carpets/Textile Floor/Coverings
6.
Solid Bio fuel pellets



18%
7.
Ethanol for sale to oil marketing companies for blending with fuel
8.
Kota Stones and related Stones [except polished]
9.
Marine Engine
28%
@12%
SR.No.
ITEMS(UNDER GOODS)
New RATE
OLD RATE
1.
Bamboo Flooring






12%






18%
2.
Hand Operated Rubber Roller
3.
Brass Kerosene Pressure Stove
4.
Zip
5.
Handicrafts [other than handmade]
6.
Handbags including pouches and purses backpacks; jewellery boxes
7.
Fuel Cell vehicle
28%
                                        @18%

1.
Televisions up to 26 cm


















18%


















28%
2.
Glaziers’ putty, grafting putty, resin cements
3.
Refrigerators, freezers, water cooler, milk coolers, ice cream freezer
4.
Washing Machines
5.
Food Grinders & mixer
6.
Vacuum Cleaners
7.
Paints and Varnishes [including enamels and lacquers]
8.
Shavers, Hair Clippers
9.
Hair Cleaners
10.
Storage water heaters
11.
Immersion heaters
12.
Hair Dryers, Hand Dryers
13.
Electric Smoothing irons
14.
Scent Sprays
15.
Toilet Sprays
16.
Pads for application of cosmetics
17.
Lithium-ion batteries
18.
Powder Puffs
19.
Special purpose motor vehicles
20.
Work Trucks (Self-propelled, not fitted with lifting or handling equipment)
21.
Trailers & Semi trailers
Exempted Goods
SR.No.
ITEMS(UNDER GOODS)
New RATE
OLD RATE
1.
Fortified Milk
-
5%




Rate Changes in Services
SR.No.
ITEMS(UNDER Services)
New RATE
OLD RATE
1.
E-Books Services
5%
18%
2.
Supply of multimodaler Transportation
12%
Nill
3.



-:List of Services Exempt:-
-Senior-Citizens-
1. A Services provided to PF Subscriber by Coal Mines Fund Organisation
2. A Services provided to Senior Citizens upto ₹25000/- threw old age home run by central and state government
3. GST exempted by admin fees collected by National Pension Scheme
4. Services provided by Trust to own members up to ₹1000 per year of membership fees.





Agriculture-Farmers 


1. Services by way of artificial fertilization of livestock [other than horses]
2. Services under FSSAI to food businesses.





Banking-Finance-Insurance


1. Reinsurance services provided under insurance scheme like Pradhan Mantri Rashtriya Swasthya Suraksha Mission

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