IGST Rate Reduced on 10.11.2017

List of Goods for IGST rates reduced by GST Council on 10.11.2017.

S No.	Chapter/ Heading/ Subheading/ Tariff item	Name and Description of Item	Present IGST Rate	Recommended IGST Rate
1	0402	Skimmed milk powder, or concentrated milk [To extend the benefit of notification No. 30/2017- Integrated Tax (Rate) dated 22nd September, 2017 applicable in relation to milk distributed through dairy co-operatives to milk distributed through companies registered under the companies Act.]	Exempt from IGST, subject to certain conditions, under notification No. 30/2017- Integrated Tax (Rate) dated 22nd September, 2017	Nil [On inter-state supply]
2	30	Imported Lifesaving Medicines for personal use supplied free of cost by overseas supplier, subject to conditions that: i. Drugs and medicines are supplied free of cost for free, for personal use, ii. Certification by the DGHS of Centre or State [or an equivalent officer of the State] that these medicines are lifesaving; and iii. Other specified conditions to ensure that the proposed exemption reaches to intended patients]	12% / 5%	Nil on Import

S No.	Chapter/ Heading/ Subheading/ Tariff item	Name and Description of Item	Present IGST Rate	Recommended IGST Rate
3	Any Chapter	All goods, vessels, ships, rigs [other than motor vehicles] etc. imported under lease, subject to condition that IGST is paid on such lease amount. At present, exemption is available for i. Imported aircrafts and aircraft engines under lease; ii. Imported goods for temporary period under lease; iii. Imported Oils rigs and associated goods under lease	Applicable IGST rate	Nil on Import
4	All Goods	ATA Carnet System Expanding the scope of exemption from IGST, so as to extend the exemption to: i. professional equipment by accredited press persons who visit India for covering national / international events ii. equipment for broadcasting of events (sound and television) iii. goods imported for sports purposes and iv. testing, measurement and calibration equipment. subject to existing condition of re-export of these goods within specified period and other condition.	Temporary import is exempt	Nil on Import
5	Any Chapter	Specified goods, including rifles, pistols, bows, imported by a sports person of outstanding eminence, subject to specified condition	12%,18%, 28%	Nil on Imports

Goods and Services Tax