Revised GST Rate List | These Items Get Cheaper | Full List of 27 Goods & 12 Services

Revised GST Rate List
As per discussions held in the 22nd
meeting Finance Minister Arun Jaitley has introduced Revised GST Rate List. After the commencement of Revised GST,
everybody’s starts talking about new GST rates. For the sake of it we have
presented Full List of 27 Goods & 12 Services that gets cheaper. After GST
Council's recommendations Prime Minister Narendra Modi said that GST had become
"even simpler" after revision. After the changes in Goods and Service tax 95%
of taxpayer is relaxed.
PM Modi has been describing GST as 'Good
and Simple Tax'. "GST is in line with our constant endeavour to ensure
interests of our citizens are safeguarded & India's economy grows," he
added.
As we all know that Gujarat
elections are in the way so other parties are making their statements that Prime
Minister Narendra Modi has done revision in GST due to vote in elections. But
the truth is that changes are made to give relief to small traders. Small
traders was not getting the exact meaning of GST so for the sake of them and
other troubles that AAM ADMI was facing Revised GST Rate has been done. To get
all related details about Items Get Cheaper in Revised GST Rate List follow
below structured page that is prepared by the team members of www.privatejobshub.in
Revised GST Rate List
Full List of 27 Goods & 12 Services
Below is the list of items on which GST has been reduced.
You can go through the provided table and get all the related information about
changes of 27 Goods & 12 Services after revision of GST on 6-10-2017.
S.
No.
|
Description
|
Present GST Rate
|
GST Rate Recommended by the GST Council
|
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 dulyapproved by the Central Government or
any State Government, subject to specified conditions
|
18%
|
5 %
|
4.
|
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
|
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 scrips
|
5%
|
Nil
|
14.
|
Sewing thread of manmade 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 manmade staple fibres
|
18%
|
12%
|
18.
|
Yarn of manmade 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 principally 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, namely, centrifugal pumps (horizontal and
vertical), deep tube-well turbine pumps, submersible pumps, axial flow and
mixed flow vertical pumps
|
28%
|
18%
|
26.
|
E-Waste
|
28%/18%
|
5%
|
27.
|
Biomass briquettes
|
18%
|
5%
|
IGST Exemption Goods
Directors will also get benefits
from E wallets that have been introduced in revised GST. May imports were
facing problem as their money was being credited as no payments were done. To
overcome from this situation e-wallets are now provided.
Description
|
Present applicable IGST rate
|
Recommended IGST rate
|
IGST exemption on imports of rigs imported for oil / gas exploration
and production projects under lease, subject to the following conditions
that:
(i) Integrated tax leviable
under section 5(1) of the IGST Act, 2017 on supply of service covered by item
1(b) or 5(f) of Schedule II of the Central Goods and Services Tax Act, 2017;
(ii) The rig is not sold without the
prior permission of the Commissioner of Customs of the port of importation;
(iii) to re-export the goods within 3 months from
the expiry of the period for 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;
(iv) to pay on demand an amount equal to the
integrated tax payable on the said goods but for the exemption under this
notification in the event of violation of any of the above conditions and
applicable interest.
|
5%
|
Nil
|
Exemption from IGST on imports of medicines supplied free by
international agencies like UNICEF, WHO, Red Cross etc.
|
12%/5%
|
Nil
|
A. Exemption from IGST on imports
of bona fide gifts upto CIF value limit of Rs. 5000 imported
through post or air.
|
28%
|
Nil
|

Go Through theses Links:
|
Description of Services
|
GST Rate
|
Services by way of job work in relation to –
a) Textile yarns (other than man-made fibre/filament) & textile
fabrics
b) Cut and polished diamonds; precious and semi-precious stones, or
plain and studded jewellery of gold and other precious metals, falling under
chapter 71 of HSN
c) Printing of books (including braille books), journals and
periodicals
d) Processing of leather
|
5% with Full ITC
|
Services by way of right to admission to exhibition of
cinematographic films where the consideration for admission is Rs. 100 or
less.
|
18% with Full ITC
|
GST will be going to proof very
simple and easy this time because Finance Minister Arun Jaitley has claim that
approx 95% will be happier after this as they almost an all the items they need
to pay 0 tax or 5% tax. We should support our PM as he is working for our
nation to make India at another level so that future of youth can be bright and
secure. So let’s encourage PM Modi.
Get Here Other Updated Articles
|
|
Note:
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Rate List, individuals are suggested to visit our web page that is www.privatejobshub.in
on regular basis as we will provide all latest updates. If you have any queries
or doubts related to Revised GST Rate List or changes in List of 27 Goods &
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