GST Rates for 29 Goods, 53 Categories of Services Revised | CORPORATE ETHOS

GST Rates for 29 Goods, 53 Categories of Services Revised

By: | January 18, 2018
gst rates

The Goods and Services Tax (GST) Council which met here on Thursday has revised the rates of 29 goods and 53 services. It was announced by Union Finance Minister Arun Jaitley.

Among the major changes made are- old and used motor vehicles, public transport buses exclusively run on bio-fuels (28 to 18%), old and used motor vehicles other an medium, large cars and SUVs (28 to 12%),  Sugar boiled confectionary, drinking water in 20 litre bottles, fertiliser grade phosphoric acid, biodiesel, certain categories of pesticides , bamboo wooden joinery, drip irrigation system including sprinklers, laterals, mechanical sprayers (18to 12%), Tamarind Kernel powder, mehendi paste in cones, LPG distributed by private players, scientific and technical instruments (18 to 5%), articles of straw (12 to 5%), Cigarette filter rods (12 to 8%),  Velvet fabric (12 to 5%),  Diamonds and precious stones (3 to 0.25%), Vibhuti, parts and accessories of hearing aids, de-oiled rice bran (Nil).

The new rates will  be effective from 25th January, 2018.