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, animal fat, sausage, fruit juices, Bhutia, namkeen, Ayurvedic
medicines, tooth powder, agarbatti, colouring books, picture books, umbrella,
sewing machine, cellphones will be under 12 % tax slab.
|
AC hotels, business class air ticket, fertilizers, Work Contracts
will fall under 12 per cent GST tax slab.
|
4
|
18%
|
Most items are under this tax slab which include 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.
|
AC hotels that serve liquor, telecom services, IT services, branded
garments and financial services will attract 18 per cent tax under GST.
|
5
|
28%
|
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 attract 28 % tax - the highest
under GST system.
|
5-star hotels, race club betting, cinema will attract tax 28 per cent
tax slab under GST
|
