31st Council meeting

Context

  • GST Council within the 31st meeting held on 22nd December, 2018 at New Delhi took following selections regarding modifications in GST rates, and clarification (on Goods).
  • The choices of the GST Council have been presented on this note for easy understanding.
  • The identical can be given impact to by Gazette notifications/ circulars which shall have power of legislation.

GST rate reduction on goods which were attracting GST rate of 28% :

A. 28% to 18%

  • Pulleys, transmission shafts and cranks, gear bins and so forth., falling beneath HS Code 8483;
  • Monitors and TVs of upto display size of 32 inches;
  • Re-treaded or used pneumatic tyres of rubber;
  • Energy banks of lithium ion batteries. Lithium ion batteries are already at 18%. This can deliver parity in GST fee of energy financial institution and lithium ion battery;
  • Digital cameras and video digicam recorders;
  • Video game consoles and different video games and sports activities requisites falling beneath HS code 9504.

B. 28% to five%

  • Elements  and equipment for the carriages for disabled individuals

GST rate reduction on other goods

A. 18% to 12%

  • Cork roughly squared or debagged
  • Articles of pure cork
  • Agglomerated cork
    B. 18% to 5%
  • Marble rubble
    C. 12% to 5%
  • Pure cork
  • Strolling Stick
  • Fly ash Blocks
    D. 12% to Nil:
  • Music Books
    E. 5% to Nil
  • Vegetables, (raw or cooked by steaming or boilingin water), frozen, branded and put in a unit container
  • Vegetable provisionally preserved (for instance by sulphur dioxide fuel, in brine, in sulphur water or in different preservative options), however unsuitable in that state for fast consumption.
    F. Miscellaneous
  • Exemption from GST on provide of gold by Nominated Businesses to exporters of article of gold Jewelry.
  • Exemption from GST on proceeds acquired by Authorities from public sale of presents acquired by President, Prime Minister, Governor or Chief Minister of a State and public servants, the proceeds of which is used for public or charitable trigger.
  • Exemption from IGST/Compensation cess on automobiles imported for short-term functions beneath the Customs Conference on the Momentary importation of Personal Street Automobiles (carnet de passages-en-douane).
  • Price of 5%/18% to be utilized primarily based on transaction worth of footwear
  • Uniform GST fee of 12% on Versatile Intermediate Bulk Container (FIBC) from present 5%/12% (relying on the worth)

GST on solar power generating plant and other renewable energy plants

  • GST fee of 5% fee has been prescribed on renewable vitality units & components for his or her manufacture (bio fuel plant/solar energy primarily based units, solar energy producing system (SGPS) and so forth) [falling under chapter 84, 85 or 94 of the Tariff]. Different items or companies utilized in these crops appeal to relevant GST.
  • Sure disputes have arisen relating to GST charges the place specified items attracting 5% GST are equipped together with companies of development and so forth and different items for solar energy plant.
  • To resolve the dispute the Council has advisable that in all such instances, the 70% of the gross worth shall be deemed as the worth of provide of stated items attracting 5% fee and the remaining portion (30%) of the combination worth of such EPC contract shall be deemed as the worth of provide of taxable service attracting normal GST fee.

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