GST cut down from 28% to 18% including Monitors and TVs of uptoscreen size of 32 inches
Monitors and TVs of uptoscreen size of 32 inches
Recommendations made during 31st Meeting of the GST Council held regarding Rate changes and clarification in Goods
GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, and clarification (on Goods). The decisions of the GST Council have been presented in this note for easy understanding. The same would be given effect to through Gazette notifications/ circulars which shall have force of law.
GST rate reduction on goods which were attracting GST rate of 28% :
28% to 18%
Pulleys, transmission shafts and cranks, gear boxes etc., falling under HS Code 8483
Monitors and TVs of uptoscreen size of 32 inches
Re-treaded or used pneumatic tyres of rubber;
Power banks of lithium ion batteries. Lithium ion batteries are already at 18%. This will bring parity in GST rate of power bank and lithium ion battery.
Digital cameras and video camera recorders
Video game consoles and other games and sports requisites falling under HS code 9504.
28% to 5%
Parts and accessories for the carriages fordisabled persons
GST rate reduction on other goods
18% to 12%
Cork roughly squared or debagged
Articles of natural cork
Agglomerated cork
18% to 5%
Marble rubble
12% to 5%
Natural cork
Walking Stick
Fly ash Blocks
12% to Nil:
Music Books