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In principle approval for –
From 28% |
|
To 18% |
To 5% |
|
|
…..
From 18% |
|
To 12% |
To 5% |
Cork roughly squared or debagged Articles of natural cork Agglomerated cork | Marble rubble |
From 12% |
|
To 5 % |
To Nil |
Natural cork Walking Stick Fly ash Blocks |
Music Books |
….
From 5% to Exempted |
|
….
S. No | Service/Sector | Rate Change |
1 | Cinema Tickets |
|
2 | Insurance Services | Third party insurance premium of goods carrying vehicles – Reduced from 18% to 12% |
3 | Banking Services | Services supplied by banks to Basic Saving Bank Deposit (‘BSBD’) account holders under Pradhan Mantri Jan Dhan Yojana (‘PMJDY’) exempted |
4 | Air Travel | Air travel of pilgrims by non-scheduled/charter operations, for religious pilgrimage facilitated by the Government of India under bilateral arrangements shall attract the same rate of GST as applicable to similar flights in Economy class (i.e. 5% with ITC of input services) |
Source – NACIN and Below Press Releases by CBIC