GST Council Meeting held on 18.1.2018 recommended for modification of definitions and change in GST/ IGST Rate on the following goods. It will be effective only after publishing Gazette Notification / Circulars to give lawful effect to the deduction.
List of Goods for GST Council recommended change in GST/ IGST Rate
| S No. | Chapter/ Heading/ Subheading/ Tariff item |
Name and Description of Item | Compensation Cess Rate | Modification / Clarification Recommend |
| 1 | 27 | Poly Butylene Feed Stock & Liquefied Petroleum Gas | 18% | The GST to apply only on the net quantity of Poly Butylene Feed Stock or Liquefied Petroleum Gases retained for the manufacture of Poly Iso Butylene or Propylene or dibutyl para cresol respectively, subject to specified conditions. |
| 2 | Any class | Rail coach industry | Applicable GST Rate | Only the goods falling under chapter 86 attract 5% GST rate with no refund of unutilised ITC. Goods falling in any other chapter will attract applicable GST rate under the respective chapters, even if supplied to the Indian railways. |
| 3 | 2701 | Coal Rejects | 5% + Rs. 400 PMT Compensation Cess | Coal rejects fall under heading 2701 and attract 5% GST and Rs. 400 PMT Compensation Cess |
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GST CHANGES RECOMMENDED ON 18.1.2018 (w.e.f 25.1.2018)
Change in IGST Rate on 18.1.2018
Modification in definitions GST / IGST
GST RATE CHANGES 10.11.2017
List of goods recommended for reduction of GST from 28% to 18% by GST Council on 10.11.2017
List of goods on GST rate retained to be 28% as recommended by GST Council on 10.11.2017
List of Goods on GST Reduced to 12%, 5% or 0%
List of goods for IGST Rate reduction recommended by GST Council