You are here: Home » Economy & Policy » News » GST
Business Standard

Here's complete list of 27 items that got cheaper after today's GST meet

The panel decided to reduce tax rates for items including diesel engine parts, man-made yarn, ready-to-eat snacks, plastic and paper waste

BS Web Team  |  New Delhi 

Arun Jaitley
Finance Minister Arun Jaitley speaking to reporters after GST Council meet in New Delhi (Photo: ANI)

After the day-long GST Council meeting, Finance Minister said small businesses would be allowed to file tax returns once a quarter instead of every month. He also said duties would be cut on some products and the threshold for lower tax would be raised.

The panel also decided to reduce tax rates for items including diesel engine parts, man-made yarn, ready-to-eat snacks, plastic and paper waste.

Here's the complete list:

S.
No.
Chapter/
Heading/
Sub-heading/
Tariff item
Description Present GST Rate GST Rate Recommended by the GST Council
1.        0804 Mangoes sliced dried 12% 5%
2.       
 
1905 or 2106 Khakra and plain chapati / roti 12% 5%
3.        19 or 21
 
Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme dulyapproved by the Central Government or any State Government, subject to specified conditions [Foot note 1] 18%
 
5 %
 
 
4.        21 Namkeens other than those put up in unit container and, -
(a) bearing a registered brand name; or
(b) 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
[Foot note 2]
12% 5%
5.        2710 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.        30 Ayurvedic, Unani, Siddha, Homeopathy medicines, other than those bearing a brand name
[Foot note 3]
12% 5%
7.        3213 Poster Colour 28% 18%
8.        3407 Modelling paste for children amusement 28% 18%
9.        3915 Plastic waste, parings or scrap 18% 5%
10.    4004 00 00 Rubber  waste, parings or scrap  18% 5%
11.    4017 00 20 Hard Rubber waste or scrap 28% 5%
12.    4707 Paper waste or scrap 12% 5%
13.    4907 Duty credit scrips 5% Nil
14.    5401 Sewing thread of manmade filaments, whether or not put up for retail sale
 
18% 12%
15.    5402, 5404, 5406 All synthetic filament yarn, such as nylon, polyester, acrylic, etc.
 
18% 12%
16.    5403, 5405, 5406
 
All artificial filament yarn, such as viscose rayon, Cuprammonium, 18% 12%
17.    5508 Sewing thread of manmade staple fibres
 
18% 12%
18.    5509, 5510, 5511 Yarn of manmade staple fibres 18% 12%
19.    5605 Real Zari 12% 5%
20.     
6802
All goods falling under heading 6802 [other than those of marble and granite or those which attract 12% GST] 28% 18%
21.    7001 Cullet or other waste or scrap of Glass
 
18% 5%
22.    8305 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.    8483 Plain Shaft Bearing 8483 28% 18%
24.    84 Parts suitable for use solely or principally with fixed Speed Diesel Engines of power not exceeding 15HP
 
28% 18%
25.    84 or 85 Parts suitable for use solely or principally with power driven pumps primarily designed for handling water, namely, centrifugal pumps (horizontal and vertical), deep tube-well turbine pumps, submersible pumps, axial flow and mixed flow vertical pumps 28% 18%
26.    84 or 85 E-Waste 28%/18% 5%
27.    Any Chapter Biomass briquettes 18% 5%

First Published: Fri, October 06 2017. 21:24 IST
RECOMMENDED FOR YOU