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

 

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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