At the 22nd GST Council Meeting, among other things, the following decisions were taken: 1) Reduction in GST rates for some items 2) Deferment of Reverse Charge Method up to March 2018.
Waste, parings and scrap, of plastics HSN Code 3915 Rate(%) : 18% before 22nd council meet.. After that changed 5%
Waste, parings and scrap of rubber (other than hard rubber) and pow-ders and granules obtained therefrom HSN 4004 Rate (%) 18 before 22nd council meet.. After that changed 5%
Jazakallahu akhair for the valuable information We manufacture Reprocessed Plastic Granules from plastic scrap. RP Granules are used as raw material for making polythene bags once again. here what ll be the tax rate for these granules will it be same as 5% as its produced from plastic scrap?