In this blog post here is the revised list of every product that GST rate cut or goes higher every thing we explained here:
LIST OF PRODUCTS ON GST RATE REDUCED FROM 28% TO 18%:
Old and used motor vehicles onto which no service tax, VAT or GST paid on such vehicles.
Buses use in public transport runs on bio fuels only.
LIST OF PRODUCTS ON GST RATE REDUCED FROM 18% to 12%:
LIST OF PRODUCTS ON GST RATE REDUCED FROM 28% TO 18%:
Old and used motor vehicles onto which no service tax, VAT or GST paid on such vehicles.
Buses use in public transport runs on bio fuels only.
LIST OF PRODUCTS ON GST RATE REDUCED FROM 18% to 12%:
Sugar boiled confectionary Drinking water packed in 20 litters bottles Fertilizer grade Phosphoric acid Bio-diesel Bio-pesticides Bamboo wood building joinery Drip irrigation system including laterals, sprinklers Mechanical Sprayer.
List of products on gst rate reduced from 18% to 5%: Tamarind Kernel Powder Mehendi paste in cones LPG supplied for supply to household domestic consumers
List of products on gst rate reduced from 12% to 5%: Articles of straw, of esparto or of other plaiting materials; basketware and wickerwork.
List of products on gst rate reduced from 3% to 0.25%: Diamonds and precious stones
List of products on gst not charged: Vibhuti Parts and accessories for manufacture of hearing aids De-oiled rice bran.
RATE CUTS IN GST FOR SERVICES: In the services segment, government will cut taxes on transportation of crude, gasoil, gasoline, jet fuel and services relating to mining, exploration and drilling of oil and natural gas, among other things.
Admission to theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet will now be taxed at 18% instead of 28% and on common effluent treatment plans services from 18% to 12%.
List of products on GST rate increase from 0 to 5%: Rice bran (other than de-oiled rice bran) Cigarette filter rods
- Also it is stated that petol, crude oil may also come under GST soon.
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