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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.
The key industries benefited by this are:

1. Automobiles

2. FMCG

3. 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:

GST Rate Changes decided at 28th GST Council Meeting

IndustryItem Old Rate (%) New Rate (%) Rate Cut (%)
AutomobileLithium-ion batteries used in electric vehicles281810
Concrete Mixers28 1810
Crane Lorries281810
Spraying Lorries281810
Fire Fighting Vehicles
281810
Work Trucks used for goods transportation in factories, warehouses, dock areas, or airports281810
Trailers281810
Semi Trailers281810
Fuel Cell Vehicles2812 16
Oil and GasEthanol18513
Brass Kerosene Stove18126
FMCGSanitary Napkins 12012
Scent Sprays2818 10
Toilet Sprays2818 10
Powder Puffs2818 10
Cosmetic Pads2818 10
PaintPaints2818 10
Varnish2818 10
Glaziers' Putty2818 10
Grafting Putty2818 10
Resin Cements2818 10
Consumer ElectricalsWashing Machines2818 10
Vacuum Cleaners2818 10
Televisions (upto 68cm)2818 10
Refrigerators2818 10
Water Coolers2818 10
Ice Cream Freezers2818 10
Milk Coolers2818 10
Food Grinders2818 10
Mixers281810
Juicers281810
Shavers281810
Hair Clippers281810
Storage Water Heaters281810
Immersion Water Heaters281810
Hair Dryers281810
Hand Dryers281810
Electric Smoothing Irons281810
FootwearFootwear costing upto Rs 1,000 per pair*
*earlier, 5% GST was charged for value upto Rs.500 per pair
18513
TextileChenille Fabrics1257
Handloom Dari1257
Knotted Caps costing under Rs 1,0001257
Handbags18126
Purses18126
Jewellery Boxes18126
ConstructionBamboo Flooring18126
AgriculturePhosphoric Acid (Fertilizer Grade)1257
Solid Biofuel Pellets
18018
Coir Pith Compost505
Art and Handicrafts (cottage industry)Stone/Marble/Wood Deities505
Rakhi18018
Wood Frames18126
Art Ware of Cork18126
Stone Art Ware18126
Stone Inlay Work18126
Ornamental Framed Mirrors18126
Glass Statues18126
Glass Art Ware18126
Art Ware of Iron18126
Art Ware of Brass18126
Art Ware of Copper18126
Art Ware of Nickel18126
Art ware of Silver18126
Aluminium Art Ware18126
Handcrafted Lamps18126
Worked Vegetable or Mineral Carvings18126
Wax Articles18126
Ganjifa Card18126
Handmade Carpets1257
Handmade Lace1257
Hand Woven Tapestries1257
Handmade Braids1257
Toran1257
Sal Leaves18018
Siali Leaves505
Sabai Rope12012
Phool Bhari Jhadoo505
Khali Dona505
w.e.f 27th July 2018, subject to CBIC Notification

NOTE: These rates have not been implemented yet. They will be made effective from 27th July 2018, the notification for which is still pending.  
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