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2019 Revised GST Rates

Updated on September 26th, 2019 in GST

2019 Revised GST Rates

GST Rates and HSN codes were revised in 31st GST Council Meeting which was held on 22 December 2018. As per the recommendation of GST Council, GST Rates of 23 Goods and 3 Services have been revised.

 

Revised GST Rates

So, here is the summarized view of Revised GST Rates for goods and services:

S.No.List of Goods and ServicesOld GST RateRevised GST Rate
1Preserved Vegetables (i.e., not suitable for instant consumption)0.05Nil
2Steamed, frozen or boiled vegetables either cooked or uncooked (branded)0.05Nil
3Music Books0.12Nil
4Renewable energy device parts falling under GST Tariff chapter 84, 85 or 940.050.05
5Fly ash blocks0.120.05
6Natural Cork0.120.05
7Walking sticks0.120.05
8Marble rubble0.180.05
9Agglomerated Cork0.180.12
10Roughly squared/debugged Cork0.180.12
11Natural cork  Articles0.180.12
12Movie Tickets i.e., less than or equal to 100 INR0.180.12
13Third party  vehicles insurance premium0.180.12
14Handicapped Mobility Vehicles  Accessories0.280.05
15Power banks0.280.18
16Movie Tickets that are more than 100 INR0.280.18
17Sport-related items falling under HSN code 95040.280.18
18Pulleys, transmission shafts, cranks and gearboxes under HSN 84830.280.18
1932 Inches Color TV and Monitors0.280.18
20Used and Retreated Rubber Tyres0.280.18
21Digital & Video Camera0.280.18
22Air Fare for religious pilgrimage0.280.18

 

*For travel for religious pilgrimage either by non-scheduled or chartered operations facilitated by Government of India under bilateral agreements.

Others

  • 5% GST Rate on composite supply for the solar plant will be applicable on 70% of the value as it will be considered as a supply of goods. And the remaining 30% value nominal GST Rate will be applicable as it deemed as a supply of service.
  • On footwear, GST Rate of 5% or 18% will be applicable depending upon the value of a transaction.
  • On FIBC (Flexible Intermediate Bulk Container) 12% GST rate will be applicable.

Goods Recommended for Exemption

Here is the list of goods that are recommended for exemption:

  • Gold supplied by Nominated Agencies to gold Jewellery articles exporters
  • The proceeds used for a public or charitable cause that is received by Government from an auction of gifts received by President, Prime Minister, CM or Governor of a State and Government servant.
  • Import of vehicle for temporary purposes covered under the Customs Convention on the Temporary Importation of Private Road Vehicles

Services Recommended for Exemption

The services that are recommended for exemption are recommended below:

  • Banks services to BSBD (Basic Saving Bank Deposit) account holders covered under Pradhan Mantri Jan Dhan Yojana (PMJDY)
  • Services rendered by rehabilitation professionals recognized under the Rehabilitation Council of India Act, 1992. Moreover, this can take place at hospitals, schools or rehabilitation centres that are recognized by the Government. In addition, this will apply on the Section 12AA charitable institute registered under the Income-tax Act 1961.
  • Government loan guarantee services provided to its undertakings and PSUs for bank loans.