The Finance Minister Arun Jaitley on Thursday chaired the 25th meeting of the GST Council in New Delhi, which slashed tax rate on 54 services and 29 goods, including second-hand vehicles, confectionery and bio-diesel.

The new rates would be effective from January 25.

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The council had also discussed process to make return filing simpler with just one return to be filed every month. Infosys non-executive chairman Nandan Nilekani made a presentation on simplification of the return filing process.

The council discussed the possibility of retaining only GSTR- 3B or initial sales return, while mandating sellers to upload their invoices.

Here is the entire list:

LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 28% TO 18%:

Old and used motor vehicles [medium and large cars and SUVs] on the margin of the supplier, subject to the condition that no input tax credit of central excise duty/value added tax or GST paid on such vehicles has been availed by him.

LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 28% TO 12%:

All types of old and used motors vehicles [other than medium and large cars and SUVs] on the margin of the supplier of subject to the conditions that no input tax credit of central excise duty /value added tax or GST paid on such vehicles has been availed by him.

LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 18% TO 12%:

• Fertilizer grade Phosphoric acid
• Bio-diesel

The following 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

LIST OF GOODS ON WHICH GST RATE RECOMMENDED FOR REDUCTION FROM 18% TO 5%:

• Tamarind Kernel Powder
• Mehendi paste in cones
• LPG supplied for supply to household domestic consumers by private LPG distributors
• Scientific and technical instruments, apparatus, equipment, accessories, parts, components, spares, tools, mockups and modules, raw material and consumables required for launch vehicles and satellites and payloads

List of goods on which GST rate recommended for reduction from 12% to 5%: 

• Articles of straw, of esparto or of other plaiting materials; basket-ware and wickerwork

List of goods on which GST rate recommended for an increase from 12% to 18%:

• Cigarette filter rods

List of goods on which GST rate recommended for reduction from 12% to 5% with no refund of unutilised input tax credit:

• Velvet fabric

List of goods on which GST rate recommended for reduction from 3% to 0.25%:

• Diamonds and precious stones

Nil GST rate:

• Vibhuti
• Parts and accessories for the manufacture of hearing aids.
• De-oiled rice bran

List of goods on which GST rate recommended for an increase from nil to 5%:

• Rice bran (other than de-oiled rice bran)