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Changes in GST Rates for Goods and IGST Rates on Imports of Good…

By
KS Rao & Team
-

As per
discussions held in the 22nd GST Council Meeting held under
Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th
October, 2017, the following changes in GST rates for certain Goods and IGST
rates on Imports of specified Goods have been recommended.

 

A.          
GST RATE FOR FOLLOWING GOODS HAVE
BEEN REDUCED

 





























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 duly
approved 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%

Foot note;

1.      Reduction
in GST rate against S. No 4 above is subject to following condition:

a)      If the supplier of such food preparations produces a certificate
from an officer not below the rank of the Deputy Secretary to the Government of
India or not below the rank of the Deputy Secretary to the State Government
concerned to the effect that such food preparations have been distributed free
to the Economically Weaker Sections of the society under a programme duly
approved by the Central Government or the State Government concerned, within
five months from the date of supply of such goods or within such further period
as the jurisdictional Commissioner of Central tax or jurisdictional Commissioner
of State tax, as the case maybe, may allow in this regard.

 

2.       For
S. No.5 above, the phrase registered brand name means:

a)      A
brand registered as on 15.05.2017 shall be deemed to be a registered brand for
the purposes of levy of 5% GST, irrespective of whether or not such brand is
subsequently deregistered.

b)      A
brand registered as on 15.05.2017 under the Copyright Act, 1957 shall also be
treated as a registered brand for the purposes of levy of 5% GST.

c)      A
brand registered as on 15.05.2017 under any law for the time being in force in
any other country shall also be deemed to be a registered brand for the
purposes of levy of 5% GST.

 

 

3.      For
S. No. 7 above, the phrase “brand name” is defined as:

“brand
name” or “trade name” means a brand name or a trade name,
whether registered or not, that is to say, a name or a mark, such as symbol,
monogram, label, signature or invented word or writing which is used in
relation to such specified goods for the purpose of indicating, or so as to
indicate a connection in the course of trade between such specified goods and
some person using such name or mark with or without any indication of the
identity of that person.

 

B.    
IGST EXEMPTION ON IMPORTS OF GOODS:





S. No

Description

Present
applicable IGST rate

Recommended IGST rate

1

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

2

Exemption from IGST on imports of medicines
supplied free by international agencies like UNICEF, WHO, Red Cross etc.

 

12%/5%

Nil

3

A.   
Exemption from IGST on imports of bona fide gifts
upto CIF value limit of Rs. 5000 imported through post or
air.

 

28%

Nil

 

DSM/SBS

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