GST Rates Chapter 98 Project Imports; Laboratory Chemicals; Passengers’ Baggage, Personal Importationsby Air Or Post; Ship Stores

By | June 26, 2017
(Last Updated On: June 26, 2017)

GST Rates Chapter 98

[ As per discussions in GST Council Meeting held on 18th may 2017, 3rd June 2017, 11th June 2017 and 18th June 2017 ]

CHAPTER 98: PROJECT IMPORTS; LABORATORY CHEMICALS; PASSENGERS’ BAGGAGE, PERSONAL IMPORTATIONS BY AIR OR POST; SHIP STORES

GST RATES
Nil :9803 – Passenger baggage
5% :1.9804 Specified Drugs and medicines : i.e. List, 1 of notification No.12/2012-Central Excise, dated 17.03.2012 and List 3, 4 of notification No.12/2012-Customs, dated 17.03.2012 intended for personal use.
12% :1.9804 Other Drugs and medicines intended for personal use.
18% :All goods.
1.9801 All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified: (1) industrial plant, (2) irrigation project, (3) power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects as the Central Government may, having regard to the economic development of the country notify in the Official Gazette in this behalf; and spare parts, other raw materials (including semi-finished materials of consumable stores) not exceeding 10% of the value of the goods specified above, provided that such spare parts, raw materials or consumable stores are essential for the maintenance of the plant or project mentioned in (1) to (6) above.
2.9802 – Laboratory chemicals
28% :1.9804 All dutiable articles intended for personal use

Read Complete Schedule of GST Rates for Goods

Category: GST

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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