GST Council Sets Lower Rate for Majority of Goods

GST rate decided for majority of items

On the first day of its 2 day meet at Srinagar, Jammu & Kashmir, the GST Council finalized the rates of 1,211 items. Most of these items are being kept under the 18% tax slab rate. Let’s look at the complete GST rate card here:

Nil rate (0 per cent)

No tax will be levied on items such as 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.

5 per cent: Items such as fish fillet, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, sabudana, kerosene, coal, medicines, stent, lifeboats will be charged at a tax rate of 5%.

12 per cent: Items such as frozen meat products, butter, cheese, ghee, dry fruits in packaged form, animal fat, sausage, fruit juices, bhutia, namkeen, ayurvedic medicines, tooth powder, incense sticks, colouring books, picture books, umbrella, sewing machine, and cellphones will be placed under the 12% tax slab.

18 per cent: Most items will be placed under the 18 per cent tax slab which will 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, monitors, etc.

28 per cent: The items that will be charged at a rate of 28 per cent are chewing gum, molasses, chocolate (not containing cocoa), waffles and wafers coated with chocolate, pan masala, aerated water, paint, deodorants, shaving creams, after shave, hair shampoo, dye, sunscreen, wallpaper, ceramic tiles, water heater, dishwasher, weighing machine, washing machine, ATMs, vending machines, vacuum cleaner, shavers, hair clippers, automobiles, motorcycles, aircraft for personal use, and yachts.

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