Announcement of GST Revised Rates
Updated on: Jan 11th, 2022
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4 min read
The GST Council, in it’s 28th meeting held on the 21st of July 2018, recommended rate cuts on several goods. The move aimed to hit the consumer segment positively, through Rate rationalisation.
Latest Update
32nd GST Council meet coming soon
Next GST council meeting date has been announced. 32nd GST Council meeting will be held on 10th January 2019 at New Delhi Decisions on rate cuts for the Housing sector and Private Lottery scheme distribution, on whether to introduce the service sector under composition scheme and much more! Read more about 32nd GST Council Meeting.
31st GST Council Meet Rate cuts
23 goods and few services underwent rate cuts at the 31st GST Council meeting held on 22nd December 2018
The key industries benefited by this are:
- Automobiles
- FMCG
- Handicrafts sector
This will mean that authorities are vigilant about the Anti-profiteering rules being strictly implemented to pass the benefits to the end-consumers. These rate cuts are summarised industry wise below:
| Industry | Item | Old Rate (%) | New Rate (%) | Rate Cut (%) |
|---|---|---|---|---|
| Automobile | Lithium-ion batteries used in electric vehicles | 28 | 18 | 10 |
| Concrete Mixers | 28 | 18 | 10 | |
| Crane Lorries | 28 | 18 | 10 | |
| Spraying Lorries | 28 | 18 | 10 | |
| Fire Fighting Vehicles | 28 | 18 | 10 | |
| Work Trucks used for goods transportation in factories, warehouses, dock areas, or airports | 28 | 18 | 10 | |
| Trailers | 28 | 18 | 10 | |
| Semi Trailers | 28 | 18 | 10 | |
| Fuel Cell Vehicles | 28 | 12 | 16 | |
| Oil and Gas | Ethanol | 18 | 5 | 13 |
| Brass Kerosene Stove | 18 | 12 | 6 | |
| FMCG | Sanitary Napkins | 12 | 0 | 12 |
| Scent Sprays | 28 | 18 | 10 | |
| Toilet Sprays | 28 | 18 | 10 | |
| Powder Puffs | 28 | 18 | 10 | |
| Cosmetic Pads | 28 | 18 | 10 | |
| Paint | Paints | 28 | 18 | 10 |
| Varnish | 28 | 18 | 10 | |
| Glaziers' Putty | 28 | 18 | 10 | |
| Grafting Putty | 28 | 18 | 10 | |
| Resin Cements | 28 | 18 | 10 | |
| Consumer Electricals | Washing Machines | 28 | 18 | 10 |
| Vacuum Cleaners | 28 | 18 | 10 | |
| Televisions (upto 68cm) | 28 | 18 | 10 | |
| Refrigerators | 28 | 18 | 10 | |
| Water Coolers | 28 | 18 | 10 | |
| Ice Cream Freezers | 28 | 18 | 10 | |
| Milk Coolers | 28 | 18 | 10 | |
| Food Grinders | 28 | 18 | 10 | |
| Mixers | 28 | 18 | 10 | |
| Juicers | 28 | 18 | 10 | |
| Shavers | 28 | 18 | 10 | |
| Hair Clippers | 28 | 18 | 10 | |
| Storage Water Heaters | 28 | 18 | 10 | |
| Immersion Water Heaters | 28 | 18 | 10 | |
| Hair Dryers | 28 | 18 | 10 | |
| Hand Dryers | 28 | 18 | 10 | |
| Electric Smoothing Irons | 28 | 18 | 10 | |
| Footwear | Footwear costing upto Rs 1,000 per pair* *earlier, 5% GST was charged for value upto Rs.500 per pair | 18 | 5 | 13 |
| Textile | Chenille Fabrics | 12 | 5 | 7 |
| Handloom Dari | 12 | 5 | 7 | |
| Knotted Caps costing under Rs 1,000 | 12 | 5 | 7 | |
| Handbags | 18 | 12 | 6 | |
| Purses | 18 | 12 | 6 | |
| Jewellery Boxes | 18 | 12 | 6 | |
| Construction | Bamboo Flooring | 18 | 12 | 6 |
| Agriculture | Phosphoric Acid (Fertilizer Grade) | 12 | 5 | 7 |
| Solid Biofuel Pellets | 18 | 0 | 18 | |
| Coir Pith Compost | 5 | 0 | 5 | |
| Art and Handicrafts (cottage industry) | Stone/Marble/Wood Deities | 5 | 0 | 5 |
| Rakhi | 18 | 0 | 18 | |
| Wood Frames | 18 | 12 | 6 | |
| Art Ware of Cork | 18 | 12 | 6 | |
| Stone Art Ware | 18 | 12 | 6 | |
| Stone Inlay Work | 18 | 12 | 6 | |
| Ornamental Framed Mirrors | 18 | 12 | 6 | |
| Glass Statues | 18 | 12 | 6 | |
| Glass Art Ware | 18 | 12 | 6 | |
| Art Ware of Iron | 18 | 12 | 6 | |
| Art Ware of Brass | 18 | 12 | 6 | |
| Art Ware of Copper | 18 | 12 | 6 | |
| Art Ware of Nickel | 18 | 12 | 6 | |
| Art ware of Silver | 18 | 12 | 6 | |
| Aluminium Art Ware | 18 | 12 | 6 | |
| Handcrafted Lamps | 18 | 12 | 6 | |
| Worked Vegetable or Mineral Carvings | 18 | 12 | 6 | |
| Wax Articles | 18 | 12 | 6 | |
| Ganjifa Card | 18 | 12 | 6 | |
| Handmade Carpets | 12 | 5 | 7 | |
| Handmade Lace | 12 | 5 | 7 | |
| Hand Woven Tapestries | 12 | 5 | 7 | |
| Handmade Braids | 12 | 5 | 7 | |
| Toran | 12 | 5 | 7 | |
| Sal Leaves | 18 | 0 | 18 | |
| Siali Leaves | 5 | 0 | 5 | |
| Sabai Rope | 12 | 0 | 12 | |
| Phool Bhari Jhadoo | 5 | 0 | 5 | |
| Khali Dona | 5 | 0 | 5 |
Note: These rates have not been implemented yet. They will be made effective from 27th July 2018, the notification for which is still pending.
Quick Summary
The 32nd GST Council meeting will discuss rate cuts in the housing sector, private lottery scheme distribution, and service sector inclusion in the composition scheme. Previous rate cuts at the 31st meeting benefited industries like automobiles, FMCG, and handicrafts. Stricter implementation of anti-profiteering rules was highlighted to pass benefits to consumers.
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