{"id":1398,"date":"2018-12-22T12:10:10","date_gmt":"2018-12-22T12:10:10","guid":{"rendered":"https:\/\/www.gstpractitioners.in\/?p=1398"},"modified":"2018-12-22T12:33:52","modified_gmt":"2018-12-22T12:33:52","slug":"recommendations-made-for-rate-changes-during-31st-meeting-of-the-gst-council","status":"publish","type":"post","link":"https:\/\/www.gstpractitioners.in\/blog\/recommendations-made-for-rate-changes-during-31st-meeting-of-the-gst-council\/","title":{"rendered":"Recommendations made for Rate Changes during 31st Meeting of the GST Council"},"content":{"rendered":"<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 746<\/span><\/div><p style=\"text-align: justify\"><span style=\"color: #000000\">GST Council in the 31<sup>st<\/sup>\u00a0meeting held on 22<sup>nd<\/sup>\u00a0December, 2018 at New Delhi took following decisions relating to changes in GST rates\u00a0on goods and services. The decisions of the GST Council have been presented in this note for easy understanding. The same would be given effect to through Gazette notifications\/ circulars which shall have force of law.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1399 alignright\" src=\"https:\/\/www.gstpractitioners.in\/wp-content\/uploads\/2018\/12\/www.gstpractitioners.in-7-300x251.png\" alt=\"\" width=\"300\" height=\"251\" srcset=\"https:\/\/www.gstpractitioners.in\/blog\/wp-content\/uploads\/2018\/12\/www.gstpractitioners.in-7-300x251.png 300w, https:\/\/www.gstpractitioners.in\/blog\/wp-content\/uploads\/2018\/12\/www.gstpractitioners.in-7-768x644.png 768w, https:\/\/www.gstpractitioners.in\/blog\/wp-content\/uploads\/2018\/12\/www.gstpractitioners.in-7.png 940w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<ol style=\"text-align: justify\">\n<li><span style=\"color: #000000\"><strong>GST rate reduction on goods which were attracting GST rate of 28% :<\/strong><\/span><\/li>\n<\/ol>\n<ol style=\"text-align: justify\">\n<li><span style=\"color: #ff0000\"><strong>28% to 18%<\/strong><\/span><\/li>\n<\/ol>\n<ul style=\"text-align: justify\">\n<li value=\"50\"><span style=\"color: #000000\">Pulleys, transmission shafts and cranks, gear boxes etc., falling under HS Code 8483<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Monitors and TVs of upto screen size of 32 inches<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Re-treaded or used pneumatic tyres of rubber;<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Power banks of lithium ion batteries. Lithium ion batteries are already at <span style=\"color: #ff0000\">18%.<\/span> This will bring parity in GST rate of power bank and lithium ion battery.<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Digital cameras and video camera recorders<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Video game consoles and other games and sports requisites falling under HS code 9504.<\/span><\/li>\n<li><\/li>\n<\/ul>\n<ol style=\"text-align: justify\" start=\"2\">\n<li><span style=\"color: #ff0000\"><strong>28% to 5%<\/strong><\/span><\/li>\n<\/ol>\n<ul style=\"text-align: justify\">\n<li value=\"50\"><span style=\"color: #000000\">Parts\u00a0 and accessories for the carriages for disabled persons<\/span><\/li>\n<\/ul>\n<ol style=\"text-align: justify\" start=\"2\">\n<li><span style=\"color: #000000\"><strong>GST rate reduction on other goods,-<\/strong><\/span><\/li>\n<\/ol>\n<ol style=\"text-align: justify\">\n<li><span style=\"color: #ff0000\"><strong>18% to 12%<\/strong><\/span><\/li>\n<\/ol>\n<ul style=\"text-align: justify\">\n<li value=\"50\"><span style=\"color: #000000\">Cork roughly squared or debagged<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Articles of natural cork<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Agglomerated cork<\/span><\/li>\n<\/ul>\n<ol style=\"text-align: justify\" start=\"2\">\n<li><span style=\"color: #ff0000\"><strong>18% to 5%<\/strong><\/span><\/li>\n<\/ol>\n<ul style=\"text-align: justify\">\n<li><span style=\"color: #000000\">Marble rubble<\/span><\/li>\n<\/ul>\n<ol style=\"text-align: justify\" start=\"3\">\n<li><span style=\"color: #ff0000\"><strong>12% to 5%<\/strong><\/span><\/li>\n<\/ol>\n<ul style=\"text-align: justify\">\n<li value=\"50\"><span style=\"color: #000000\">Natural cork<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Walking Stick<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Fly ash Blocks<\/span><\/li>\n<\/ul>\n<ol style=\"text-align: justify\" start=\"4\">\n<li><span style=\"color: #ff0000\"><strong>\u00a012% to Nil:<\/strong><\/span><\/li>\n<\/ol>\n<ul style=\"text-align: justify\">\n<li value=\"50\"><span style=\"color: #000000\">Music Books<\/span><\/li>\n<\/ul>\n<ol style=\"text-align: justify\" start=\"5\">\n<li><span style=\"color: #ff0000\"><strong>5% to Nil<\/strong><\/span><\/li>\n<\/ol>\n<ul style=\"text-align: justify\">\n<li value=\"50\"><span style=\"color: #000000\">Vegetables, (uncooked or cooked by steaming or boiling in water), frozen, branded and put in a unit container<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Vegetable provisionally preserved (for example by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions), but unsuitable in that state for immediate consumption.<\/span><\/li>\n<li><span style=\"color: #000000\"><strong>III.\u00a0<\/strong><strong>GST on solar power generating plant and other renewable energy plants<\/strong><\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">GST rate of\u00a0 <span style=\"color: #ff0000\">5%<\/span> rate has been prescribed on renewable energy devices &amp; parts for their manufacture (bio gas plant\/solar power based devices, solar power generating system (SGPS) etc) [falling under chapter 84, 85 or 94 of the Tariff]. Other goods or services used in these plants attract applicable GST.<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">Certain disputes have arisen regarding GST rates where specified goods attracting <span style=\"color: #ff0000\">5%<\/span> GST are supplied along with services of construction etc and other goods for solar power plant.<\/span><\/li>\n<li value=\"50\"><span style=\"color: #000000\">To resolve the dispute the Council has recommended that in all such cases, the <span style=\"color: #ff0000\">70%<\/span> of the gross value shall be deemed as the value of supply of said goods attracting <span style=\"color: #ff0000\">5%<\/span> rate and the remaining portion (<span style=\"color: #ff0000\">30%<\/span>) of the aggregate value of such EPC contract shall be deemed as the value of supply of taxable service attracting standard GST rate.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"color: #000000\"><strong>Reduction in GST rates\/exemptions on services:<\/strong><\/span><\/p>\n<ul>\n<li style=\"text-align: justify\" value=\"50\"><span style=\"color: #000000\">GST rate on cinema tickets above Rs. 100 shall be reduced from <span style=\"color: #ff0000\">28% to 18%<\/span> and on cinema tickets upto Rs. 100 from <span style=\"color: #ff0000\">18% to 12%.<\/span><\/span><\/li>\n<li style=\"text-align: justify\" value=\"50\"><span style=\"color: #000000\">GST rate on third party insurance premium of goods carrying vehicles shall be reduced from <span style=\"color: #ff0000\">18% to 12%<\/span><\/span><\/li>\n<li style=\"text-align: justify\" value=\"50\"><span style=\"color: #000000\">Services supplied by banks to Basic Saving Bank Deposit (BSBD) account holders under Pradhan Mantri Jan Dhan Yojana (PMJDY) shall be exempted.<\/span><\/li>\n<li style=\"text-align: justify\" value=\"50\"><span style=\"color: #000000\">Air travel of pilgrims by non-scheduled\/charter operations, for religious pilgrimage facilitated by the Government of India under bilateral arrangements shall attract the same rate of GST as applicable to similar flights in Economy class (i.e.<span style=\"color: #ff0000\"> 5%<\/span> with ITC of input services).<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.gstpractitioners.in\/wp-content\/uploads\/2018\/12\/31ST-GST-COUNCIL-MEETINGS.pdf\">GST RATE RECOMMENDATION<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>746GST Council in the 31st\u00a0meeting held on 22nd\u00a0December, 2018 at New Delhi took following decisions relating to changes in GST &#8230;. <\/p>\n","protected":false},"author":2,"featured_media":1399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1398","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-gst-council-meeting","post_format-post-format-image"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts\/1398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/comments?post=1398"}],"version-history":[{"count":5,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts\/1398\/revisions"}],"predecessor-version":[{"id":1407,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts\/1398\/revisions\/1407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/media\/1399"}],"wp:attachment":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/media?parent=1398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/categories?post=1398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/tags?post=1398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}