INSUBCONTINENT EXCLUSIVE:
Refrigerator, washing machine, small screen TV, paints and varnishes will now attract 18% GST rate.New GST rates announced last week kicked
rates cut on about 88 items coming into effect today
Refrigerators, washing machines, small screen TVs, storage water heaters, paints and varnishes will now attract 18 per cent GST
Food grinders, lithium ion batteries, vacuum cleaner and hand dryers will attract 18 per cent GST from today, as against 28 per cent
previously.Here is a complete list of items that will now fall in lower GST bracket:GST on the following items has been slashed from 28% to
18%:Paints and varnishes (including enamels and lacquers)Glaziers' putty, grafting putty, resin cementsRefrigerators, freezers and other
refrigerating or freezing equipment including water cooler, milk coolers, refrigerating equipment for leather industry, ice cream freezer
etc.Washing machinesLithium-ion batteriesVacuum cleanersDomestic electrical appliances such as food grinders and mixers food or vegetable
etc.Televisions up to the size of 68 cmSpecial purpose motor vehicles
e.g., crane lorries, fire fighting vehicle, concrete mixer lorries, spraying lorriesWorks trucks (self-propelled, not fitted with lifting or
handling equipment) of the type used in factories, warehouses, dock areas or airports for short transport of goods.Trailers and
semi-trailers.Miscellaneous articles such as scent sprays and similar toilet sprays, powder-puffs and pads for the application of cosmetics
or toilet preparationsGST on the following items has been slashed from 28% to 12%:Fuel cell vehicle
Further, compensation cess will also be exempted on fuel cell vehicle.Refund of accumulated credit on account of inverted duty structure to
fabric manufacturers: Fabrics attract GST at the rate of 5 per cent subject to the condition that refund of accumulated ITC or input tax
credit on account of inversion will not be allowed
However, considering the difficulty faced by the fabric sector on account of this condition, the GST Council has recommended for allowing
refund to fabrics on account of inverted duty structure
The refund of accumulated ITC shall be allowed only with the prospective effect on the purchases made after the notification is issued.GST
rates cut: The list of items on which GST has been cut to zero from 18%, 12% and 5%:Stone/marble/wood deitiesRakhi (other than that of
precious or semi-precious material of chapter 71)Sanitary NapkinsCoir pith compostSal Leaves siali leaves and their products and Sabai
RopePhool Bhari Jhadoo (Raw material for Jhadoo)'Khali dona'Circulation and commemorative coins, sold by Security Printing and Minting
Corporation of India Ltd [SPMCIL] to Ministry of Finance.GST has been cut on the following items to 5% from 12%:Chenille fabrics and other
fabrics under heading 5801Handloom 'dari'Phosphoric acid (fertilizer grade only)Knitted cap/topi having retail sale value not exceeding Rs
1000GST rate on the following items has been to 12% from 18%:Bamboo flooringBrass kerosene pressure stoveHand-operated rubber rollerZip and
slide fastenersGST rate cut to 5% from 18% on the following items:Ethanol for sale to oil marketing companies for blending with fuelSolid
bio fuel pelletsGST rate change made in respect of footwear5% GST is being extended to footwear having a retail sale price up to Rs
1,000 per pairFootwear having a retail sale price exceeding Rs
definition of handicraft, as approved by the GST council] from 18% to 12%:Handbags including pouches and purses; jewellery boxWooden frames
for painting, photographs, mirrors etc.Art ware of cork (including articles of sholapith)Stone art ware, stone inlay workOrnamental framed
mirrorsGlass statues (other than those of crystal)Glass art ware (including pots, jars, votive, cask, cake cover, tulip bottle, vase)Art
panchloga lamp)Worked vegetable or mineral carving, articles thereof, articles of wax, of stearin, of natural gums or natural resins or of
textile floor coverings (including namda/gabba)Handmade laceHand-woven tapestriesHand-made braids and ornamental trimming in the
urea imported on Government account for direct agriculture use, instead of assessable value plus custom duty.Exemption from compensation
applicability of GST rate in respect of certain goods recommended by GST Council which inter-alia includes:Milk enriched with vitamins or
minerals salt (fortified milk) is classifiable under HS code 0401 as milk and exempt from GST5% GST on both treated (modified) tamarind
kernel powder and plain (unmodified) tamarind kernel powderBeet and cane sugar, including refined beet and cane sugar, (falling under
heading 1701) attracts 5% GST rateWater supplied for public purposes (other than in sealed containers) does not attract GSTMarine engine
(falling under sub-heading 8408 10 93) attracts 5% GST rateKota stone and similar stones (other than marble and granite) other than polished
will attracts 5% GST, while ready to use polished Kota stone and similar stones will attracts 18%.Certain other miscellaneous clarification
as regards classification/rate have been recommendedThe above-mentioned GST rates have been taken from a statement issued by the Ministry of
