Key Tax Rate Changes
Exempt from GST:
Sanitary pads
Deities made of stone, marble or wood
Raakhis, without any precious metals
Raw material used in brooms
Commemorative coins circulated by the RBI or government
Saal leaves
Fortified milk
From 12 percent to 5 percent:
Handloom dari
Fertiliser grade phosphoric acid
From 28 percent to 18 percent:
Lithium-ion batteries
Vaccum cleaners
Food grinders, mixers
Shavers, hair clippers
Storage water heaters
Electric smoothing irons
Water cooler
Ice cream freezer
Refrigerators
Hand dryes
Cosmetics
Perfumes
Scents
Paint
Varnishes
Other changes:
GST on ethanol sold to oil companies for blending with petrol and diesel reduced to 5 percent from 18 percent earlier
GST on imported urea reduced to 5 percent
GST on E-books reduced to 5 percent from 18 percent
GST for hotels to be charged on the actual price that the customer pays and not on the declared tariffs.
Major Step In Rationalising 28% Slab: Jaitley
The 28 percent GST slab has been narrowed down to only a few commodities now, says Union Minister Arun Jaitley.
This is a major step towards rationalising the 28% tax slab which has been narrowed to only a few commodities in the past thirteen months.
— Arun Jaitley (@arunjaitley) July 21, 2018
