Want to know the GST tax rates for your goods?

Goods and Services Tax (GST) Rate List

1SCHEDULE I: LIST OF GOODS AT NIL RATE

Few Example:

  • 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.
2SCHEDULE II: LIST OF GOODS AT 5%

Few Example:

  • Fish Fillet
  • Cream
  • Skimmed Milk Powder
  • Branded Paneer
  • Frozen Vegetables
  • Coffee
  • Tea
  • Spices
  • Pizza Bread
  • Rusk
  • Sago (Sabudana)
  • Kerosene
  • Coal
  • Medicines
  • Sent
  • Lifeboats
3SCHEDULE III: LIST OF GOODS AT 12% RATE

Few Example:

  • Butter
  • Cheese
  • Ghee
  • Frozen Meat Products
  • Dry Fruits in Packaged Form
  • Animal Fat
  • Sausage
  • Ayurvedic Medicines
  • Fruit Juices
  • Bhutia
  • Namkeen
  • Tooth Powder
  • Agarbatti
  • Coloring Books
  • Picture Books
  • Umbrella
  • Sewing Machine
  • Cellphones
4SCHEDULE IV: LIST OF GOODS AT 18% RATE

Few Example:

  • Flavored 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
5SCHEDULE V: LIST OF GOODS AT 28% RATE

Few Example:

  • Molasses
  • Chocolate not Containing Cocoa
  • Waffles And Wafers coated
  • 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
  • Yachts

23rd GST Council Meeting

Summary of Major decisions taken & changes in GST Law

  • Changes in Composition Scheme
  • Change in tax rates
  • Some other reliefs for tax payers

1.Changes in Composition Scheme

Composition scheme limit to be increased to Rs. 1.5 Crore

1 % GST rate for manufacturers & traders

Taxpayers who supply goods as well as provide services (But the value of services does not exceed Rs. 5 Lakh) are eligible for composition scheme

Composition dealers cannot make inter-state sales

Read More...

2.Change in Tax Rates

List of Goods on which GST Rate has been reduced FROM 28% to 18%:

  • Chewing gum, Chocolates and other food preparations containing coco
  • Waffles and wafers coated with chocolate or containing chocolate
  • Other non-alcoholic beverages
  • Perfumes and toilet waters 2
  • Beauty or make-up preparations and preparations for the care of the skin (other than medicaments),
  • Articles of apparel and clothing accessories, of leather or of composition leather
  • Plywood, veneered panels, and similar laminated wood
  • Baths, shower baths, sinks, wash basins, bidets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware of plastics
  • Preparations and charges for fire-extinguishers; charged fire-extinguishing grenades 3
  • Articles of artificial fur
  • Wooden frames for paintings, photographs, mirrors or similar objects
  • Ceramic flooring blocks, support or filler tiles
  • Blocks, tiles and other ceramic goods of siliceous fossil meals
  • All goods of marble and granite [other than Statues, statuettes, pedestals; high or low reliefs, crosses, figure of animal, bowls, vases, cups, cachou, boxes, writing sets, ashtrays, paperweights, artificial fruit, and foliage etc., other ornamental goods etc.
  • Other articles of glass [other than Globes for lamps and lanterns, Founts for kerosene wick lamps, Glass chimneys for lamps and lanterns]
  • Doors, windows and their frames and thresholds for doors

List of Goods on which GST Rate has been reduced from 28% to 12%:

  • Wet grinder consisting of stone as a grinder
  • Tanks and other armored fighting vehicles, motorized, whether or not fitted with weapons, and parts of such vehicles

List of Certain Goods on which changes have been recommended in GST Rates: FROM 18% to 12%:

  • Condensed milk
  • All goods, including refined sugar containing added flavoring or coloring matter, sugar cubes other those which attract are at 5% or Nil GST.
  • Curry paste
  • Medicinal grade oxygen
  • Handbags and shopping bags of jute as well as cotton
  • Parts [falling under heading 8452] of Sewing machines

FROM 12% to 5%:

  • Desiccated Coconut
  • Products of coir
  • Fishing hooks

To view the complete list click here.

3.Some other relief for tax payers

Revision in late fee & Extension of Due Dates

Late fee for delayed filling of NIL return has reduced to Rs. 20 per day.

Waiver of late fee paid for the month of July, August & September.

In case if any taxpayer paid the late fee in these months, same will be credited back in Electronic cash ledger under “TAX” & same can be utilized to offset liabilities. Read more.

24th GST Council Meeting

Summary of Major decisions taken & changes in GST Law

Until the time when the national E-way bill will be ready to start, all the states are authorized to continue their own E-way Bill systems.

  • As the transporters and traders have filed the request that they are facing problems in inter-state movement of goods. Hence, they requested for the implementation of E-way bill on all India basis as soon as possible. The government has taken the decision to implement the E-way Bill system for inter-state and intrastate movement of goods for traders and transporters latest up to 16th January 2018. However, it will be compulsory to be followed by 1st February.
  • However, the uniformity in the E-way Billing system nationwide will be implemented from 1st June 2018.
  • GST COUNCIL has reviewed the progress status of Hardware and software which is required to introduce E-Way Bill system. As such following decisions are taken by the GST Council regarding the applicability and implementation of the E-way Billing system:
  • E-way Bill will be initiated and implemented nationally by 16 January 2018 on trial basis. Trade and transporters can use this system voluntary basis from 16 January.
  • E-way Bill Rules for Implementation on National Level for Inter-state movement of goods will be started by -1 February.

See more...

25th GST Council Meeting

Summary of major decisions taken & changes in GST Law

  • Recommendations for the Housing Sector. See more...
  • Changes in GST/ IGST Rate and clarifications in respect of GST Rates on certain goods. See more...
  • Policy changes. See more...
  • Decisions relating to Services. See more...

Want to know more about HostBooks?

We’ll help you out!