Tag: Revised GST Rate

GST Rate Recommendations from GST Council

The GST Council that had met on 9th Sept’17 has decided to change Or modify the GST rates on 40 goods that are for day to day use.
The rates of Wall nuts if reduced from 12% to 5% , Roasted Gram from 12% to 5%, Custard Powder from 28% to 18%, Batters, including idli/ dosa batter from 18% to 12%.
gst-new-rates-Sep09th-meeting

GST Rates Slashed on Goods / Services

The GST council which met on 11th June’17 has revised ( Reduced)  rates on 66 items, following representations from industry. Out of the 66 items following are some of the Goods/ services, in which the middle class deals in their day to day life, such as  school bags, colouring books, notebooks, printers, cutlery, agarbattis and cinema tickets.

S.no Description of Goods/ Services Old Rate Revised Rate Reduction in Tax Rate
1 Agarbattis 12 5 7
2 School Bags 28 18 10
3 Exercise Books 18 12 6
4 Colouring Books 12 0 12
5 Steel Cutlery 18 12 6
6 Printers (Computer peripherals) 28 18 10
7 Movie Tickets < Rs.100 28 18 10