On 21 July 2018 GST council meeting was held. There are a lot of changes and recommendations made during this meeting. There are some goods shifted from 12% to 5% tax rate. Thes goods are described as Below:
Sr. No. | Goods description | Old GST Tax Rate | New GST Tax Rate |
1 | Chenille fabrics and other fabrics under heading 5801 | 12% | 5% |
2 |
Handloom dari |
12% | 5% |
3 |
Phosphoric acid (fertilizer grade only) |
12% | 5% |
4 |
Knitted cap/topi having retail sale value not exceeding Rs 1000 |
12% | 5% |
5 |
Handmade carpets and other handmade textile floor coverings (including namda/gabba) |
12% | 5% |
6 |
Handmade lace |
12% | 5% |
7 | Hand-woven tapestries | 12% | 5% |
8 | Hand-made braids and ornamental trimming in the piece | 12% | 5% |
9 | Toran | 12% | 5% |
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