Insulin, salt, set-top box: Full list of items that get cheaper under GST

GST rates for telecom services, marbles, granite, spectacles, among others, were retained

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Today’s Paper :The Goods and Services Tax (GST) Council on Sunday reduced rates for 66 items just two weeks ahead of the new tax regime’s roll-out.

The Council also expanded the scope of the composition scheme for the benefit of small traders, manufacturers, and restaurateurs. The composition scheme is a presumptive taxation scheme allowing small traders, manufacturers, and restaurants to pay a one-five per cent GST rate on sales without tax credits. (Read the full notification here)

Among the 133 items whose rates were reviewed following industry representation, the GST rates for telecom services, marbles, granite, spectacles, among others, were retained.

Here is a list of all the items for which rates were slashed

1) Bones and horn cores, bone grist, bone meal, etc; hoof meal, horn meal, etc: Rate under GST revised to zero (nil-rated category) from five per cent.

2) Cashew nut: Rate under GST revised to five per cent from earlier rate of 12 per cent.

3) Cashew nut in shell: Rate under GST revised to five per cent (under reverse charge) from 12 per cent.

4) Raisin: Rate under GST revised to five per cent from 12 per cent.

5) Cereal grains hulled: Rate under GST revised to zero from five per cent.

6) Palmyra jaggery: Rate under GST revised to zero from 18 per cent.

7) Preparations of vegetables, fruits, nuts or other parts of plants, including pickle, murabba, chutney, jam, jelly: Rate under GST revised to 12 per cent for all products under the category from a previous mix of 12-18 per cent.

8) Ketchup & sauces (other than curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings), mustard sauces: Rate under GST revised to 12 per cent from 18 per cent.

9) Curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings: Rate under GST revised to 18 per cent from 28 per cent.

10) Bari made of pulses, including mungodi: Rate under GST revised to 12 per cent from 18 per cent.

11) Ice and snow: Rate under GST revised to five per cent from 12 per cent.

12) Salt (all types): Rate under GST revised to zero from five per cent.

13) Bio gas: Rate under GST revised to five per cent from 12 per cent.

14) Dicalcium phosphate (DCP) of animal feed grade (conforming to IS specification No 5470 : 2002):
Rate under GST revised to zero from 12 per cent.

15) Insulin: Rate under GST revised to five per cent from 12 per cent. | READMORE…

 

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