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  3. GST Council reduces rates of 40 items of mass consumption

GST Council reduces rates of 40 items of mass consumption

11 Sep 2017 Evaluate

Following the fitment committee’s observations of anomalies in GST levied in different products, the rates of 40 items of mass consumption has been reduced. The Goods and Services Tax (GST) Council, at its 21st meeting in Hyderabad chaired by Finance Minister Arun Jaitley and attended by finance ministers of states and GST Secretariat officials, took the decision to reduce the rates. Finance Minister Arun Jaitley said that in consonance with the recommendations of the fitment committee, the tax rates on approximately 30 goods of common man’s utility, including raincoats, rubberbands and batter for idli and dosa, have been reduced.

As per the notification, plastic raincoats and rubber bands have been fitted in the slab of 18 per cent and 12 per cent, respectively, as against the earlier 28 per cent. Idli and dosa batter will attract 12 per cent GST, against 18 per cent before, while brooms and brushes have been totally exempted from the levy.

Kitchen gas lighters will attract 18 per cent compared to 28 per cent GST earlier while prayer beads will fall in the 5 per cent slab against 18 per cent previously. As against 28 per cent, computer monitors with size of up to 20 inches will attract 18 per cent, bringing it on par with those whose screen size is up to 17 inches.

Cotton quilts costing up to Rs. 1,000 will attract 5 per cent GST, while those above that will face 12 per cent GST, against the earlier uniform rate of 18 per cent. Tableware, kitchenware, other household items and toilet articles of porcelain or china or those other than porcelain or china clay will be levied 12 per cent against 18 per cent and 28 per cent, respectively.

As per the list of items uploaded on the website of the Central Board of Excise and Customs (CBEC), khadi fabric sold through KVIC shops have been exempted from GST, which was implemented from July 1. Also, rate on saree fall, dhoop batti, corduroy fabric, walnut, dried tamarind and roasted gram has been brought down to 5 per cent, from 12 per cent earlier.

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