Source: https://tradingandinvestments.in/News-Detail/GST-Council-Recommends-Rate-Reduction-On-Several-Goods
Timestamp: 2019-04-18 17:16:18+00:00

Document:
The GST Council in its 28th meeting under the Chairmanship of Shri Piyush Goyal , Union Minister for Railways , Coal , Finance & Corporate Affairs recommended GST rates reduction on several goods. The council took following decisions on GST Rate on Goods.
•Refrigerators, freezers and other refrigerating or freezing equipment including water cooler, milk coolers, refrigerating equipment for leather industry, ice cream freezer etc.
•Works trucks [self-propelled, not fitted with lifting or handling equipment] of the type used in factories, warehouses, dock areas or airports for short transport of goods.
•Miscellaneous articles such as scent sprays and similar toilet sprays, powder-puffs and pads for the application of cosmetics or toilet preparations.
•Fuel Cell Vehicle. Further, Compensation cess shall also be exempted on fuel cell vehicle.
II. Refund of accumulated credit on account of inverted duty structure to fabric manufacturers: Fabrics attract GST at the rate of 5% subject to the condition that refund of accumulated ITC on account of inversion will not be allowed. However, considering the difficulty faced by the Fabric sector on account of this condition, the GST Council has recommended for allowing refund to fabrics on account of inverted duty structure. The refund of accumulated ITC shall be allowed only with the prospective effect on the purchases made after the notification is issued.
◦Circulation and commemorative coins, sold by Security Printing and Minting Corporation of India Ltd [SPMCIL] to Ministry of Finance.
◦Phosphoric acid (fertilizer grade only).
◦IGST @5% on Pool Issue Price (PIP) of Urea imported on Govt. account for direct agriculture use, instead of assessable value plus custom duty.
◦Exemption from Compensation cess to Coal rejects from washery [arising out of cess paid coal on which ITC has not been taken].
v. Milk enriched with vitamins or minerals salt (fortified milk) is classifiable under HS code 0401 as milk and exempt from GST.
v.5% GST on both treated (modified) tamarind kernel powder and plain (unmodified) tamarind kernel powder.
v. Beet and cane sugar, including refined beet and cane sugar, (falling under heading 1701) attracts 5% GST rate.
v. Water supplied for public purposes (other than in sealed containers) does not attract GST.
v. Marine engine (falling under sub-heading 8408 10 93) attracts 5% GST rate.
v. Kota stone and similar stones [ other than marble and granite] other than polished will attracts 5% GST, while ready to use polished Kota stoneand similar stones will attracts 18%.
v. Certain other miscellaneous clarification as regards classification/rate have been recommended.

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