GST Council Meeting held on 18.1.2018 recommended for reduction of GST on the following goods from 28% to 18%. It will be effective only after publishing Gazette Notification / Circulars to give lawful effect to the deduction.
List of Goods for GST Council recommended to reduce GST rate from 28% to 18%
| S No. | Chapter/ Heading/ Subheading/ Tariff item |
Name and Description of Item |
| 1 | 87 | Old and used motor vehicles [medium and large cars and SUVs] on the margin of the supplier, subject to the condition that no input tax credit of central excise duty/value added tax or GST paid on such vehicles has been availed by him. |
| 2 | 8702 | Buses, for use in public transport, which exclusively run on bio-fuels. |
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GST CHANGES RECOMMENDED ON 18.1.2018 (w.e.f 25.1.2018)
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List of goods recommended for reduction of GST from 28% to 18% by GST Council on 10.11.2017
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