← Go Back
GST rates revised upwards on luxury goods and tobacco products.
Pan Masala, Gutkha, Cigarettes, Chewing Tobacco, Zarda, Bidi to cost more.
Exemption of GST on all individual life insurance policies – term life, ULIP, endowment, and re-insurance.
Exemption of GST on all individual health insurance policies, including family floater and senior citizens’ policies, plus re-insurance.
Aim: Make insurance affordable and increase coverage.
GST reduced from 28% to 18% on buses, trucks, and ambulances.
Uniform GST of 18% on all auto parts irrespective of HS code.
Three-wheelers now at 18% (down from 28%).
Small cars and motorcycles up to 350 cc shifted to 18% slab.
GST reduced from 12% to zero on 33 lifesaving drugs & medicines.
GST reduced from 5% to zero on 3 drugs used for cancer, rare diseases, and chronic illnesses.
Spectacles and goggles for correcting vision – GST cut from 28% to 5%.
Tractors, soil preparation/cultivation machines, harvesters, threshers, straw/fodder balers, grass/hay movers, composting machines – GST cut from 12% to 5%.
12 specified bio-pesticides and natural menthol – GST cut from 12% to 5%.
Marble, travertine blocks, granite blocks, intermediate leather goods – GST reduced from 12% to 5%.
Air-conditioners and TVs (all sizes, including above 32 inches) – GST reduced to 18% slab (from 28%).
Dishwashing machines also in 18% slab.
Hair oil, toilet soap, soap bars, shampoos, toothbrushes, toothpaste, bicycles, tableware, kitchenware, household articles – GST cut to 5%.
Ultra-high temperature milk, chena, paneer – GST reduced from 5% to Nil.
All Indian breads – Nil GST.
Reduction from 12% or 18% to 5% on Namkeen, Bhujiya, Sauces, Pasta, Instant Noodles, Chocolates, Coffee, Preserved Meat, Cornflakes, Butter, Ghee.
Total Responses : 314