India Different GST Rates on Goods and Services 2017
Tax 0%
Goods
No tax will be imposed on items like Jute, fresh meat, fish chicken, eggs, milk, butter milk, curd, natural honey, fresh fruits and vegetables, flour, besan, bread, prasad, salt, bindi. Sindoor, stamps, judicial papers, printed books, newspapers, bangles, handloom, Bones and horn cores, bone grist, bone meal, etc.; hoof meal, horn meal, Cereal grains hulled, Palmyra jaggery, Salt - all types, Kajal, Children's' picture, drawi ..
Services
Hotels and lodges with tariff below Rs 1,000, Grandfathering service has been exempted under GST. Rough precious and semi-precious stones will attract GST rate of 0.25 per cent.
5% Tax
Goods
Items such as fish fillet, Apparel below Rs 1000, packaged food items, footwear below Rs 500, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, sabudana, kerosene, coal, medicines, stent, lifeboats, Cashew nut, Cashew nut in shell, Raisin, Ice and snow, Bio gas, Insulin, Agarbatti, Kites, Postage or revenue stamps, stamp-post marks, first-day covers
Services
Transport services (Railways, air transport), small restraurants will be under the 5% category because their main input is petroleum, which is outside GST ambit.
12% Tax
Goods
Apparel above Rs 1000, frozen meat products , butter, cheese, ghee, dry fruits in packaged form, animal fat, sausage, fruit juices, Bhutia, namkeen, Ayurvedic medicines, tooth powder, agarbatti, colouring books, picture books, umbrella, sewing machine, cellphones, Ketchup & Sauces, All diagnostic kits and reagents, Exercise books and note books, Spoons, forks, ladles, skimmers, cake servers, fish knives, tongs, Spectacl ..
Services
State-run lotteries, Non-AC hotels, business class air ticket, fertilisers, Work Contracts will fall under 12 per cent GST tax slab
18% Tax
Goods
Most items are under this tax slab which include footwear costing more than Rs 500, Trademarks, goodwill, software, Bidi Patta, Biscuits (All catogories), flavoured refined sugar, pasta, cornflakes, pastries and cakes, preserved vegetables, jams, sauces, soups, ice cream, instant food mixes, mineral water, tissues, envelopes, tampons, note books, steel products, printed circuits, camera, speakers and monitors, Kaj ..
Services
AC hotels that serve liquor, telecom services, IT services, branded garments and financial services will attract 18 per cent tax under GST, Room tariffs between Rs 2,500 and Rs 7,500, Restaurants inside five-star hotels
28% Tax
Goods
Bidis, chewing gum, molasses, chocolate not containing cocoa, waffles and wafers coated with choclate, pan masala, aerated water, paint, deodorants, shaving creams, after shave, hair shampoo, dye, sunscreen, wallpaper, ceramic tiles, water heater, dishwasher, weighing machine, washing machine, ATM, vending machines, vacuum cleaner, shavers, hair clippers, automobiles, motorcycles, aircraft for personal use, will a ..
Services
Private-run lotteries authorised by the states, hotels with room tariffs above Rs 7,500, 5-star hotels, race club betting, cinema will attract tax 28 per cent tax slab under GST
| Tax Rates | Tax Rates | Tax Rates |
|---|---|---|
| 0% | Milk | Kajal |
| Eggs | Educations Services | |
| Curd | Health Services | |
| Lassi | Children's Drawing & Colouring Books | |
| Unpacked Foodgrains | Unbranded Atta | |
| Unpacked Paneer | Unbranded Maida | |
| Gur | Besan | |
| Unbranded Natural Honey | Prasad | |
| Fresh Vegetables | Palmyra Jaggery | |
| Salt | Phool Bhari Jhadoo | |
| 5% | Sugar | Packed Paneer |
| Tea | Coal | |
| Edible Oils | Raisin | |
| Domestic LPG | Roasted Coffee Beans | |
| PDS Kerosene | Skimmed Milk Powder | |
| Cashew Nuts | Footwear (< Rs.500) | |
| Milk Food for Babies | Apparels (< Rs.1000) | |
| Fabric | Coir Mats, Matting & Floor Covering | |
| Spices | Agarbatti | |
| Coal | Mishti/Mithai (Indian Sweets) | |
| Life-saving drugs | Coffee (except instant) | |
| 12% | Butter | Computers |
| Ghee | Processed food | |
| Almonds | Mobiles | |
| Fruit Juice | Preparations of Vegetables, Fruits, Nuts or other parts of Plants including Pickle Murabba, Chutney, Jam, Jelly | |
| Packed Coconut Water | Umbrella | |
| 18% | Hair Oil | Capital goods |
| Toothpaste | Industrial Intermediaries | |
| Soap | Ice-cream | |
| Pasta | Toiletries | |
| Corn Flakes | Computers | |
| Soups | Printers | |
| 28% | Small cars (+1% or 3% cess) | High-end motorcycles (+15% cess) |
| Consumer durables such as AC and fridge | Beedis are NOT included here | |
| Luxury & sin items like BMWs, cigarettes and aerated drinks (+15% cess) |
Comments
Post a Comment