Goods and Service Tax (GST) is the new tax regime introduced in India in July 2017. The new tax is the replacement of all the indirect taxes like Service Tax, Value Added Tax, etc. Earlier, the customer used to pay these taxes out of which the tax was divided amongst the state and the central government wherein the government was not getting the total control.
However, with the new tax regime, GST, the taxes are equally divided among the state and central government. For instance, if a product attracts a GST of 18%, 9% each will reach the state and the central government of India.
Recently, 22 GST Council has taken place where Arun Jaitley had announced the decrease in the tax rate slab of 27 items which has been a relief to the medium-class society of India. The list of items that will now cost you less are as follows:
Item Earlier GST rate Revised GST rate
Aam Papad 12% 5%
Khakda and Papad 12% 5%
Non-branded Namkeen 12% 5%
Non-branded Ayurvedic 12% 5%
& Homeopathy medicines
Nylon, Polyester, and Acrylic 18% 12%
Handmade thread 18% 12%
Poster colors 28% 18%
Moulding paste 28% 18%
Selective stationery items 28% 18%
Selective parts of Diesel engine 28% 18%
GST tax rate in India 2017 pdf
If you want to review the whole GST tax rate list of products and services, you can visit the official government website of Goods and Service Tax (GST). GST rates list PDF is downloadable and contains full details.
GST Tax rate list for costlier products
- Mobile bills along with Internet packs
- Hotel and restaurant bills
- Transportation, including air travel, railways, and cab services
- Luxury cars
- Cigarettes/other tobacco products
- Courier/DTH services
- Aerated drinks, for example, Coca Cola, Pepsi, etc.
GST rates in India item wise
Goods and Service Taxes are applicable to the items mentioned below. You can review the GST slab rates for the goods/items and which of the products have become cheaper and which have increased your expenses.
Items Covered Under 0% GST Rate List–
No taxes will be levied on goods like milk, fruits, vegetables, bread, salt, bindi, curd, sindoor, natural honey, bangles, handloom, besan, flour, eggs, stamps, printed books, judicial papers, and newspapers.
Items Covered Under 5% GST Rate List-
The goods which will attract a taxation of 5% under GST include skimmed milk powder, fish fillet, frozen vegetables, coffee, coal, fertilizers, tea, spices, pizza bread, kerosene, ayurvedic medicines, agarbatti, sliced dry mango, insulin, cashew nuts, unbranded namkeen, lifeboats etc.
Items Covered Under 12% GST Rate List-
Items coming are the tax slab of 12% include frozen meat products, butter, cheese, ghee, pickles, sausage, fruit juices, namkeen, tooth powder, medicine, umbrella, instant food mix, cell phones, sewing machine, man-made yarn, etc.
Items Covered Under 18% GST Rate List–
As mentioned above, most of the items are part of this tax slab. Some of the items are flavored refined sugar, cornflakes, pasta, pastries and cakes, preserved vegetables, tractors, ice cream, sauces, soups, mineral water, stones used in flooring other than marble & granite, stationery items like clips, some diesel engine parts, some parts of pumps.
Items Covered Under 28% GST Rate List–
Over 200 goods will be taxes at a rate of 28%. The goods which will be part of this category under GST are deodorants, chewing gum, hair shampoo, sunscreen, pan masala, dishwasher, weighing machine, vacuum cleaner. Other items include shavers, automobiles, hair clippers, motorcycles.
GST rates for services
Services- Hotels and lodges with tariff below ₹1000, special case service has been exempted under GST. Rough precious and semi-precious stones will attract GST rate of 0.25%.
Services- Transport services (Railways, air transport), and small restaurants.
Services- State-run lotteries, Non-AC hotels, business class air ticket, fertilisers, work contracts.
Services- AC hotels that serve liquor, telecom services, IT services, branded garments and financial services, Room tariffs between ₹2,500 and ₹7,500, Restaurants inside five-star hotels.
Services- Private-run lotteries authorised by the states, hotels with room tariffs above ₹7,500, 5-star hotels, race club betting.
Thus, with all the above details of GST rates in India 2017, you can keep a check on your expenses.