Here are the details of key Tax Rate Changes
I. Items exempted 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
II. From 12 per cent to 5 per cent reduction
– Handloom dari
– Fertiliser grade phosphoric acid
III. From 28 per cent to 18 per cent reduction
– Lithium-ion batteries
– Vaccum cleaners
– Food grinders, mixers
– Shavers, hair clippers
– Storage water heaters
– Electric smoothing irons
– Water cooler
– Ice cream freezer
– Refrigerators
– Hand dryers
– Cosmetics
– Perfumes, Scent
– Paint, Varnishes
IV. GST slashed from 18% to 12%
– Handbags including pouches and purches, jewellery box
– Wooden frames for painting, photographs, mirrors etc
– Art ware of cork
– Stone art ware, stone inlay work
– Ornamental framed mirrors
– Glass statues (other than those of crystal)
– Glass art ware (including pot, jars, cask, vase)
– Art ware of brass,copper/copperalloys, electroplated with nickel/silver
– Aluminium art ware
– Handcrafted lamps
_ Bamboo flooring
V. GST slashed to 5 per cent
– Ethanol
– Footwear costing up to Rs 1000
– Solid bio furl fabrics
– Chenille fabrics
– Handloom dari
– Phosphoric acid (fertilizer grade only)
– Knitted cap having retail sale value not exceeding Rs 1000
– Handmade carpets and other handmade textile floor coverings
– Handmade lace
– Hand-woven tapestries
– Hand-made braids
– Toran
VI. Other key changes
– GST on ethanol sold to oil companies for blending with petrol and diesel reduced to 5 per cent from 18 per cent earlier.
– GST on imported urea reduced to 5 per cent.
– GST on e-books reduced to 5 per cent from 18 per cent
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