New Delhi, Oct 7 (KNN) The Goods and Services tax (GST) council in the latest move announced revision on the tax rates of certain items considering the demands  and representation from different sectors of the industry.

The Finance Ministry informed that the revision is done to help the grappling section of the Micro, Small and Medium Enterprises under the new tax regime.

Following are the key changes in the tax structure.

The tax rate on Mango is reduced from 12 per cent to 5 per cent.

Tax rate on Khakra and plain chapati is reduced from 12 per cent to 5 per cent.

Tax slab on Namkeens other than those put up in unit container and, bearing a registered brand name; or bearing a brand name on which an actionable claim or enforceable right in a court of law is available [other than those where any actionable claim or enforceable right in respect of such brand name has been foregone voluntarily is reduced from 12 per cent to 5 per cent.

Tax rate on Ayurvedic, Unani, Siddha, Homeopathy medicines, other than those bearing a brand tag is reduced from 12 per cent to 5 per cent.

Tax rate on Poster Colour is reduced from 28 per cent to 18 per cent.

Tax rate on Modelling paste is reduced from 28 per cent to 18 per cent.

Tax rate on Plastic waste, parings or scrap Is reduced from 12 per cent to 5 per cent.

Tax rate on Rubber waste, parings or scrap is reduced from 12 per cent to 5 per cent.

Tax rate Hard Rubber waste or scrap is reduced from 28 per cent to per cent.

Tax rate on Sewing thread of manmade filaments, whether or not put up for retail sale is reduced from 18 per cent to 12 per cent.

Tax rate on synthetic filament yarn including as nylon, polyester, acrylic, etc is reduced from 18 per cent to 12  per cent.

Tax rate on artificial filament yarn, such as viscose rayon, Cuprammonium is reduced from 18 per cent to 12 per cent.

Tax rate on sewing thread of manmade staple fibres, yarn of manmade staple fibres is reduced from 18 per cent to 12 per cent.

Tax rate on Real Zari is reduced from from 12 per cent to 5 per cent.

Tax rate on plain Shaft Bearing 8483, Parts suitable for use solely or principally with fixed Speed Diesel Engines of power not exceeding 15HP is reduced from 28 per cent to 18 per cent.

Tax rate on parts suitable for use solely or principally with power driven pumps primarily designed for handling water, namely, centrifugal pumps (horizontal and vertical), deep tube-well turbine pumps, submersible pumps, axial flow and mixed flow vertical pumps is reduced from 28 per cent to 18 per cent. (With PIB inputs)