Monday, 18 September 2017

New GST Rates


We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. According to the latest news from the GST council, the tax structure for common-use goods are as under:
GST Rates Structure
Tax RatesProducts
0%MilkKajal
EggsEducations Services
CurdHealth Services
LassiChildren’s Drawing & Colouring Books
Unpacked FoodgrainsUnbranded Atta
Unpacked PaneerUnbranded Maida
GurBesan
Unbranded Natural HoneyPrasad
Fresh VegetablesPalmyra Jaggery
SaltPhool Bhari Jhadoo
5%SugarPacked Paneer
TeaCoal
Edible OilsRaisin
Domestic LPGRoasted Coffee Beans
PDS KeroseneSkimmed Milk Powder
Cashew NutsFootwear (< Rs.500)
Milk Food for BabiesApparels (< Rs.1000)
FabricCoir Mats, Matting & Floor Covering
SpicesAgarbatti
CoalMishti/Mithai (Indian Sweets)
Life-saving drugsCoffee (except instant)
12%ButterComputers
GheeProcessed food
AlmondsMobiles
Fruit JuicePreparations of Vegetables, Fruits, Nuts or other parts of Plants including Pickle Murabba, Chutney, Jam, Jelly
Packed Coconut WaterUmbrella
18%Hair OilCapital goods
ToothpasteIndustrial Intermediaries
SoapIce-cream
PastaToiletries
Corn FlakesComputers
SoupsPrinters
28%Small cars (+1% or 3% cess)High-end motorcycles (+15% cess)
Consumer durables such as AC and fridgeBeedis a
re NOT included here
Luxury & sin items like BMWs, cigarettes and aerated drinks (+15% cess)

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