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Goods on GST Rate reduced from 12% to 5% on 18 January 2018

 

GST Council Meeting held on 18.1.2018 recommended for reduction of GST on the following goods from 12% to 5%. 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 12% to 5%

S No. Chapter/
Heading/
Subheading/
Tariff item
Name and Description of Item
1 4601, 4602

Articles of straw, of esparto or of other plaiting
materials; basketware and wickerwork
2 5801 37 20 Velvet fabric

 

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