Reduced Rate of GST on Diamonds & Precious Stones – 0.25%
The GST Council in its 25th Meeting today (i.e. 18-01-2018) has decided ti reduce the Rate of GST as below:-
Commodity – DIAMONDS & COLORED STONES
Chapter Heading – 7102
Earlier Rate of GST – 3%
New Rate of GST – 0.25%
Applicable Date of Change – 25th January, 2018 (00 Hours)
The notification for the said reduction shall be issued shortly by the Government on the basis of the Recommendations of the GST Council.