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Goods on GST Rate reduced from 28% to 12% on 18 January 2018

 

GST Council Meeting held on 18.1.2018 recommended for reduction of GST on the following goods from 28% to 12%. 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 12%

S No. Chapter/
Heading/
Subheading/
Tariff item
Name and Description of Item
1 87

All types of old and used motors vehicles [other than medium and large cars and SUVs] on the margin of the supplier of subject to the conditions that no input tax credit of central excise duty /value added tax or GST paid on such vehicles has been availed by him.

 

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