Complete List of GST Rates of India

GST

• GST stands for Goods and Service Tax. 
• 14th GST Council Meeting was held 18th may 2017 at Srinagar, Jammu & Kashmir, to define rates of certain goods. Decision was taken by the GST Council meeting chaired by Union Finance Minister Mr. Arun Jaitley in New Delhi. 

Some important Objectives of GST:

• One Country – One Tax 
• Reduce tax evasion and corruption 
• Increase productivity 
• Reducing economic distortions 

GST Slabs:

• The four GST slabs have been set at 5%, 12%, 18% and 28% for different items or services. 
• The lowest rate of 5 per cent would apply to common use items. The peak rate of 28% will apply to luxury goods. Luxury cars, tobacco products and aerated drinks will attract an additional cess on top of the highest tax rate. The additional cess and a clean energy cess will create a revenue pool which will be used to compensate states for any loss of revenue during the first five years of the implementation of GST, Service Tax will go up from 15% to 18 %. 

Slabs Details:

[0% ]

• There Will be 0 % Tax On More than 50 Percent Consumer Price Basket Including Food Grains.
• Government of India tried to Keep Food grains items Out of GST Slabs.
• This Will play An important Role In Curbing Inflation .
• Food grains will be zero-rated to insulate people from inflationary pressures.

[5 %]

• In this Category Tax Will be 5 Percent.
• Most of The items In this Category are Mass Consumed like Mustard Oil, Spices Etc.

[12 %]

• There Will be 12 Percent Tax In this Category .
• Items -Processed goods

[18 %]

• There Will 18 Percent Tax In this Slab
• Items – Smart phones, Mobiles, Toothpastes, Computer, Tablets etc

[28 % ]

• Most white goods, like washing machines, air conditioners, refrigerators, shampoo, shaving stuff and soap, will be taxed at 28 percent (with riders).
• The current levy varies between nil tax to 30-31 percent.
• The rider has been set as there are several items which are used by the lower middle class.
• Currently, a state-authorised lottery attracts 28% tax.
• The GST Council in December 2019 voted for a single rate of 28% on supply of lotteries.

[28 % Plus ]

• Tax between 40 percent and 65 percent will be imposed on luxury goods like high-end cars, pan masala, aerated drinks and tobacco products.
• In this Category Tax Will Be High.

GST RATE SCHEDULE FOR GOODS

[As per discussions in the GST Council Meeting held on 18th May, 2017] 

Some important GST rates: 

No Tax or Exempt:

• Food grains 
• Fish seeds 
• Milk 
• Eggs 
• Curd 
• Lassi 
• Butter milk
• Unpacked paneer and natural honey 
• Fresh vegetables and fruits 
• Live trees and plants 
• Cereals 
• Atta 
• Besan 
• Maida 
• Vegetable oil 
• Puffed rice 
• Pappad, Bread 
• Prasadam 
• Common salt 
• Human blood and its components 
• Contraceptives 
• Kumkum, Bindi, Sindur, Alta 
• Plastic bangles 
• Fire wood or fuel wood
• Judicial, Non judicial stamp papers, Postal items like envelope, Post card etc., sold by Government 
• Printed books 
• Newspapers 
• Betel leaves 
• Cane jiggery
• Earthen pot and clay lamps 
• Agricultural implements manually operated or animal driven 
• Handloom 
• Spacecraft (including satellites) and suborbital and spacecraft launch vehicles 
• Indigenous handmade musical instruments 
• Slate pencils and chalk sticks 
• Passenger baggage 

Service:

• Hotels and lodges with tariff below Rs. 1000, grandfathering service has been exempted under GST. 

5% Tax:

• Sugar 
• Tea, coffee, Spices 
• Edible oil 
• Coal 
• Skimmed milk powder 
• Milk food for babies 
• Packed paneer 
• Cream, yogurt 
• Skins and other part of birds 
• Herb, bark, dry plant, dry root, commonly known as jari booti and dry flower 
• Soya beans 
• Vegetables fats and oils 
• Beet sugar, cane sugar, khandsari sugar 
• Cocoa beans whole or broken 
• Sweetmeats 
• Tobacco leaves 
• Salt other than common salt 
• Natural graphite, Natural sands 
• All ores and concentrates 
• Coal gas, water gas, producer gas and similar gases, other than petroleum gases 
• Thorium oxalate, Nuclear fuel, Heavy water and other nuclear fuels, Compressed air 
• Animal or Human Blood Vaccines 
• Handmade safety matches 
• Natural rubber, Toy balloons made of natural rubber latex 
• Pneumatic tyres or inner tubes, of rubber, of a kind used on/in bicycles, cycle –rickshaws and three wheeled powered cycle rickshaws 
• Newsprint in rolls or sheets 
• Building bricks 
• Hand pumps and parts thereof, Solar water heater and system, Renewable energy devices & spare parts for their manufacture 
• Carriages for disabled persons 
• Broomsticks and Muddhas made of sarkanda, phool bahari jhadoo 
• PDS kerosene 
• LPG brooms 
• Beet sugar 
• Natural graphite 
• Chalk 
• Natural calcium phosphates 
• Thorium oxalate 
• Pizza bread 
• Sabudana 
• Medicine 
• Life boats
• Stent 
• Rusk 

Services:

• Transport services (railways, air transport) 
• Small restaurants will be under the 5% category because their main input is petroleum, which is outside GST ambit. 

12% Tax:

• Frozen meat 
• Products 
• Butter 
• Cheese 
• Ghee 
• Dry fruits in packaged form 
• Animal fat 
• Sausage 
• Fruit juices 
• Bhujia 
• Namkeen 
• Ayurvedic 
• Medicines 
• Tooth powder 
• Agarbatti 
• Colouring books, picture books 
• Umbrella 
• Sewing machine 
• Cellphones 
• Fruit juice 
• Bio gas 
• Packed coconut 
• Almond sausages 
• Medicinal grade hydrogen peroxide 

Services:

• Non AC- hotels 
• Business class air ticket 
• Fertilisers 
• Work contracts 

18% Tax

• Hair oil 
• Soap 
• Toothpaste 
• Capital goods 
• Industrial intermediaries 
• Pasta corn flakes 
• Jams 
• Soups 
• Ice cream 
• Flavoured refined 
• Sugar 
• Pasta 
• Cornflakes 
• Pastries and cakes 
• Preserved vegetables 
• Sauces 
• Camera 
• Speakers 
• Instant food 
• Mixes 
• Mineral water 
• Tissues 
• Envelopes 
• Tampons 
• Note books 
• Steel products 
• Printed circuits 
• monitors 
• Toilet and facial tissues 
• Iron and steel 
• Fountain pen 
• Indian katha
• Fluorine, chlorine, bromine 
• Artificial waxes 

Services:

• Ac hotels that serve liquor 
• Telecom service 
• IT services 
• Branded garments and financial services 

28% Taxes:

• Chewing gum 
• Molasses 
• Chocolate not containing coco
• Waffles and wafers coated with chocolate 
• Pan masala 
• Aerated water 
• Paint 
• Deodorants 
• Shaving cream after shave 
• Hair shampoo 
• Dye 
• Sunscreen 
• Wallpaper 
• Ceramic tiles 
• Water heater 
• Dishwasher 
• Weighting machine
• Washing machine 
• ATM vending machine 
• Vacuum cleaner 
• Shavers 
• Hair clippers 
• Automobiles 
• Motorcycles 
• Aircraft for personal use 
• Consumer durables 
• Cars 
• Cement 
• Custard powder 
• Makeup 
• Fire works 
• Prepared explosive 
• Hair cream 

Services:

• 5 star hotels 
• Race club betting 
• Cinemas