IGST Rate reduction as Recommended by GST Council it its meeting held on 10 November 2017

The GST Council in its meeting held on 10.11.2017 has recommended to change 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 which GST Council recommended to reduce IGST rate

S No.	Chapter/ Heading/ Subheading/ Tariff item	Name and Description of Item	Present IGST Rate	Recommended IGST Rate
1	0402	Skimmed milk powder, or concentrated milk [To extend the benefit of notification No. 30/2017- Integrated Tax (Rate) dated 22nd September, 2017 applicable in relation to milk distributed through dairy co-operatives to milk distributed through companies registered under the companies Act.]	Exempt from IGST, subject to certain conditions, under notification No. 30/2017- Integrated Tax (Rate) dated 22nd September, 2017	Nil [On inter-state supply]
2	30	Imported Lifesaving Medicines for personal use supplied free of cost by overseas supplier, subject to conditions that: i. Drugs and medicines are supplied free of cost for free, for personal use, ii. Certification by the DGHS of Centre or State [or an equivalent officer of the State] that these medicines are lifesaving; and iii. Other specified conditions to ensure that the proposed exemption reaches to intended patients]	12% / 5%	Nil on Import
3	Any Chapter	All goods, vessels, ships, rigs [other than motor vehicles] etc. imported under lease, subject to condition that IGST is paid on such lease amount. At present, exemption is available for i. Imported aircrafts and aircraft engines under lease; ii. Imported goods for temporary period under lease; iii. Imported Oils rigs and associated goods under lease	Applicable IGST rate	Nil on Import
4	All Goods	ATA Carnet System Expanding the scope of exemption from IGST, so as to extend the exemption to: i. professional equipment by accredited press persons who visit India for covering national / international events ii. equipment for broadcasting of events (sound and television) iii. goods imported for sports purposes and iv. testing, measurement and calibration equipment. subject to existing condition of re-export of these goods within specified period and other condition.	Temporary import is exempt	Nil on Import
5	Any Chapter	Specified goods, including rifles, pistols, bows, imported by a sports person of outstanding eminence, subject to specified condition	12%,18%, 28%	Nil on Imports

IGST Rate reduction as Recommended by GST Council it its meeting held on 10 November 2017

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