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20 January, 2018

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GST Rates Reduced to 12% for Drinking Water, Bio-Diesel and Biopesticides

GST Rates Reduced to 12% for Drinking Water, Bio-Diesel and Biopesticides
The 25th GST Council meeting was held at New Delhi on 18.01.2018.  The said meeting was chaired by Shri Arun Jetley, the Hon’ble Finance Minister.  The decisions relating to-
  • exemptions;
  • changes in GST rates;
  • ITC eligibility criteria;
  • Rationalization of rates;
were taken by the Council in the said meeting.  However the said decisions will be given effect to through Gazette Notifications/circulars which shall have the force of law.

From 18% to 12%
The GST Council recommended the reduction of GST rate from 18% to 12% to the following goods-
  • Sugar boiled confectionary;
  • Drinking water packed in 20 litters bottles;
  • Fertilizer grade Phosphoric acid;
  • Bio-diesel;
  • Bio-pesticides-
    • Bacillus thuringiensis var, israelensis
    • Bacillus thuringiensis var, kurstaki
    • Bacillus thuringiensis var, galleriae
    • Bacillus sphaericus
    • Trichoderma viride
    • Trichoderma harzianum
    • Pseudomonas fluoresens
    • Beauveriabassiana
    • NPV of Helicoverpaarmigera
    • NPV of Spodopteralitura
    • Neem based pesticides
    • Cymbopogan
    • Bamboo wood building joinery
    • Drip irrigation system including laterals, sprinklers
Mechanical sprayer

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