Revised GST rates

The GST council has revised the GST rates applicable on some commodities so as to ease the rules on few sectors. In this post, we discuss the new tax rates in detail.

The list of commodities on which Goods and Service tax have reduced are:

Sl. No Description Present GST rate Revised GST rate
1 Mangoes sliced dried 12% 5%
2 Khakra and plain chapati/roti 12% 5%
3 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 18% 5%
4 Namkeens

  1.  bearing a registered brand name or
  2.  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.
12% 5%
5 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 Ayurvedic, Unani, Siddha, Homeopathy medicines, other than those bearing a brand name 12% 5%
7 Poster Colour 28% 18%
8 Modelling paste for children amusement 28% 18%
9 Plastic waste, parings or scrap 18% 5%
10 Rubber  waste, parings or scrap 18% 5%
11 Hard Rubber waste or scrap 28% 5%
12 Paper waste or scrap 12% 5%
13 Duty credit scraps 5% Nil
14 Sewing thread of man-made filaments, whether or not put up for retail sale 18% 12%
15 All synthetic filament yarn, such as nylon, polyester, acrylic, etc. 18% 12%
16 All artificial filament yarn, such as viscose rayon, Cuprammonium 18% 12%
17 Sewing thread of man-made staple fibres 18% 12%
18 Yarn of man-made staple fibres 18% 12%
19 Real Zari 12% 5%
20 All goods falling under heading 6802,[other than those of marble and granite or those which attract 12% GST] 28% 18%
21 Cullet or other waste or scrap of Glass 18% 5%
22 Fittings for loose-leaf binders or files; letter clips, letter corners, paper clips, indexing tags and similar office articles, of base metal; staples in strips(for example, for offices, upholstery, packaging) of base metal. 28% 18%
23 Plain Shaft Bearing 8483 28% 18%
24 Parts suitable for use solely or with fixed Speed Diesel Engines of power not exceeding 15HP. 28% 18%
25 Parts suitable for use solely or principally with power driven pumps primarily designed.

(For Handling water; centrifugal pumps, deep tube-well turbine pumps, submersible pumps, axial flow and mixed flow vertical pumps.)

28% 18%
26 E-Waste 28% or 18% 5%
27 Biomass briquettes 18% 5%

Revised IGST rates

Sl. No Description Present GST rate Revised GST rate
1 IGST exemption on imports of rigs imported for oil/gas exploration and production projects under lease. They are subject to the following conditions that:

  • Integrated tax leviable under section 5(1) of the IGST Act, 2017 on the supply of service covered by item 1(b) or 5(f) of Schedule II of the Central Goods and Services Tax Act, 2017.
  • Without the prior permission of the Commissioner of Customs of the port of importation, one cannot sell the rig.
  • To re-export the goods within 3 months from the expiry of the period. The goods which they were supplied under a transaction covered by item 1(b) or 5(f) of Schedule II of the Central Goods and Services Tax Act, 2017 out of India;
  • to pay on demand an amount equal to the integrated tax payable on the said goods. For the exemption under this notification in the event of violation of any of the above conditions and applicable interest
5% Nil
2 Exemption from IGST on imports of medicines supplied free by international agencies like UNICEF, WHO, Red Cross. 12% or 5% Nil
3 Exemption from IGST on imports of bona fide gifts up to CIF value limit of Rs. 5000 imported through post or air. 28% Nil
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