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Ayurvedic Products GST rates Revised from 12% to 5%! Know what else have been changed.

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On 6th of October 2017 the GST council of India took some important decisions keeping in mind the problems faced by a common man. Tax rate slashing is something that is happening in almost all of the council
meetings, so far 22 council meetings have been held by the Finance Minister Mr. Arun Jaitley at various locations across India. Majority of these meetings primary agenda would be to address the problems and situations
faced by an average Indian businessman and consumers and various level purchasing different items.

So, understanding the needs and necessities 42 Goods and Services rates have been changed by the GST council of India. Important goods include Ayurvedic products, Homeopathy medicines, Poster Color, Plastic waste,
Rubber and much more from Goods. Important Services include manufacturing of Umbrella, Manufacturing of clay brick and much more.


Let’s have a detailed look at the changes made in the 42 goods & Services.

S.No

Particular

Old Rate

New Rate

1

Mango sliced dried

12%

5%

2

Khakra and Plain Chapati

12%

5%

3

Food preparations put up in unit containers and intendedfor free distribution to economically weaker sections ofthe society under a programme duly approved by the Central Government or any StateGovernment, subject to specified conditions

18%

5%

4

Namkeens other than those put up in unit container and, –

– Bearing a registered brand name; or

– 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

Hard Rubber 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%

5%

19

Real Zari

12%

5%

20

All goods falling under heading 6802 [other than those of
marble and granite or those which attract 12 percent 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 on Imports of Goods – 3:

 

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


The Council also rationalised GST rates on 12 job work services:

  1. Job work services in relation to all products falling in Chapter 71 (including imitation jewellery) – 5%
  2. Job work services in relation to food and food products falling under Chapters 1 to 22 of the HS Code (except packing of processed milk into packets) – 5%
  3. Job work services in relation to products falling under Chapters 23 of the HS Code except dog and cat food put up for retail sale – 5%
  4. Job work in relation to manufacture of umbrella – 12%
  5. Job work in relation to manufacture of clay bricks falling under CTH 69010010 – 5%
  6. Services by way of printing on job work basis or on goods belonging to others in relation to printing of all goods falling under Chapter 48 or 49, which attract GST @ 5% or Nil – 5%
  7. Services by way of printing on job work basis or on goods belonging to others in relation to printing of all goods falling under Chapter 48 or 49, which attract GST @ 12% – 12%
  8. Services by way of printing on job work basis or on goods belonging to others in relation to printing of goods falling under Chapter 48 or 49, other than those covered by (6) and (7) above – 18%
  9. Services by way of printing in relation to printing of all goods falling under Chapter 48 or 49, which attract GST @ 5% or Nil, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer – 12%
  10. Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST @12%, where only content is supplied by the publisher and the physical inputs including paper used for printing
    belong to the printer – 12%
  11. Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST @18% or above, where only content is supplied by the publisher and the physical inputs including paper
    used for printing belong to the printer – 18%
  12. To issue a clarification with regard to classification of printing products/services.

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