My Words On Taxation

GST RATES: A QUICK GUIDE. S.NO RATE GOODS SERVICES 1 0% No tax will be imposed on items like 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, etc.  Hotels and lodges with tariff below Rs 1,000, Grandfathering service have been exempted under GST.  2 5% Items such as fish fillet, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, Sabu dana, kerosene, coal, medicines, stent, lifeboats will attract tax of 5 % Transport services (Railways, air transport), small restaurants will be under the 5% category because their main input is petroleum, which is outside GST ambit.  3 12% Frozen meat products , butter, cheese, ghee, dry fruits in packaged form,...