New GST tax rates would be applicable from Wednesday, November 15, 2017.
Of the 227 items that were contemplated during the 23rd GST Council meeting in Guwahati, the tax rate on 222 items was cut down from 28 percent to 18 percent.
The GST Council has also decided that taxpayers with an annual aggregate turnover up to Rs. 1.5 crore need to file the return using form GSTR-1 on a quarterly basis, while taxpayers with a turnover of above Rs. 1.5 crore need to file it on monthly basis.
Items on which GST is cut from 28 percent to 18 percent:
- Wire, cables, insulated conductors, electrical insulators, electrical plugs, switches, sockets, fuses, relays, electrical connectors
- Electrical boards, panels, consoles, cabinets etc. for electric control or distribution
- Particle/fibre boards and plywood. Article of wood, wooden frame, paving block
- Furniture, mattress, bedding and similar furnishing
- Trunk, suitcase, vanity cases, briefcases, travelling bags and other handbags, cases
- Detergents, washing and cleaning preparations
- Liquid or cream for washing the skin
- Shampoos, Hair Cream, Hair dyes (natural, herbal or synthetic) and similar other goods; henna powder or paste, not mixed with any other ingredient
- Pre-shave, shaving or after-shave preparations, personal deodorants, bath preparations, perfumery, cosmetic or toilet preparations, room deodorizer
- Perfumes and toilet waters
- Beauty or make-up preparations
- Fans, pumps, compressors
- Lamp and light fitting
- Primary cell and primary batteries
- Sanitary ware and parts thereof of all kind
- Articles of plastic, floor covering, baths, shower, sinks, washbasins, seats, sanitary ware of plastic
- Slabs of marbles and granite
- Goods of marble and granite such as tiles
- Ceramic tiles of all kinds
- Miscellaneous articles such as vacuum flasks, lighters,
- Wristwatches, clocks, watch movement, watch cases, straps, parts
- Article of apparel & clothing accessories of leather, guts, furskin, artificial fur and other articles such as saddlery and harness for any animal
- Articles of cutlery, stoves, cookers and similar non-electric domestic appliances
- Razor and razor blades
- Multi-functional printers, cartridges
- Office or desk equipment
- Door, windows and frames of aluminium.
- Articles of plaster such as board, sheet
- Articles of cement or concrete or stone and artificial stone
- Articles of asphalt or slate
- Articles of mica
- Ceramic flooring blocks, pipes, conduit, pipe fitting
- Wallpaper and wall covering
- Glass of all kinds and articles thereof such as mirror, safety glass, sheets, glassware
- Electrical, electronic weighing machinery
- Fire extinguishers and fire extinguishing charge
- Forklifts, lifting and handling equipment
- Bulldozers, excavators, loaders, road rollers
- Earthmoving and levelling machinery
- Escalators
- Cooling towers, pressure vessels, reactors
- Crankshaft for sewing machine, tailor's dummies, bearing housings, gears and gearing; ball or roller screws; gaskets
- Electrical apparatus for radio and television broadcasting
- Sound recording or reproducing apparatus
- Signalling, safety or traffic control equipment for transports
- Physical exercise equipment, festival and carnival equipment, swings, shooting galleries, roundabouts, gymnastic and athletic equipment
- All musical instruments and their parts
- Artificial flowers, foliage and artificial fruits
- Explosive, anti-knocking preparation, fireworks
- Cocoa butter, fat, oil powder
- Extract, essence ad concentrates of coffee, miscellaneous food preparations
- Chocolates, Chewing gum/bubble gum
- Malt extract and food preparations of flour, groats, meal, starch or malt extract
- Waffles and wafers coated with chocolate or containing chocolate
- Rubber tubes and miscellaneous articles of rubber
- Goggles, binoculars, telescope
- Cinematographic cameras and projectors, image projector
- Microscope, specified laboratory equipment, specified scientific equipment such as for meteorology, hydrology, oceanography, geology
- Solvent, thinners, hydraulic fluids, anti-freezing preparation
GST tax rates on cigarettes, beedis, refrigerators, and luxury items will remain 28 percent.
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