GST council decides to reduce tax rate from 28%to 18% Monitors & TVs , Power Banks, Digital camera and video Cameras – GST council

GST Council in its 31st Council meeting held today at New Delhi decided to reduce tax rates on various items such as:

From 28% to 18%

• Pulleys, transmission shafts and cranks, gear boxes etc., falling under HS Code 8483
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  Monitors and TVs of upto screen size of 32 inches

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  Re-treaded or used pneumatic tyres of rubber;

   

• Power banks of lithium ion batteries. Lithium ion batteries are already at 18%. This will bring parity in GST rate of power bank and lithium ion battery.

   

• Digital cameras and video camera recorders
• Video game consoles and other games and sports requisites falling under HS code 9504

From 18% to 12%

• Cork roughly squared or debagge.
• Articles of natural cork
• Agglomerated cork

From 12% to 5%

• Natural cork
• Walking Stick
• Fly ash Blocks

To read complete changes made in tax rate, PIB Rate change