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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