GST Reduced - Effect from Novemeber 15th 2017

23rd Council Meeting Updates

200 items tax rates are reduced

From 28% to 18%

178 items out of 228 items i.e., All daily use items included also fire extinguisher, watches, blade, stove, mattress etc.

From 28% to 12%

Grinders and other armoured fighting vehicles.

From 28 % to 5%

Aircraft engines,Seats and tyres.

Only 50 items are under 28% tax rate. Added to 28% rate - Paints, Cements and Luxury Goods.

From 18% to 12%

Pasta, jute,Condensed milk, Refined sugar and sugar cubes, Printing ink, Spectacles frames, Pasta and cotton hand bags etc. (Approx. 13 items)

From 18% to 5%

Fly ash,fly ash content and few more items.

From 12% to 5%

Idli, dosa batter, approx 10 more items.

From 5% to 0

- Certain dried vegetables such as sweet potatoes and few more products(Approx. 5 items).

From 3% to 0

- Bangles .

Under 5% GST - All restaurants will be levied, without input tax credit (ITC) benefits. But no changes on 5 star restaurants