A quick guide to India GST rates in 2017
The
Goods and Services Tax (GST) has been one of the key things that has caught the
attention of the market given its implications on earnings of companies. The
government has kept a large number of items under 18% tax slab. The government
categorised 1211 items under various tax slabs. Here is a low-down on the tax
slab these items would attract:
No tax
Goods
No tax will be imposed on items like fresh meat, fish chick ..
No tax
Goods
No tax will be imposed on items like fresh meat, fish chick ..
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.
Services
Hotels and lodges with tariff below Rs 1,000, Grandfathering service has been exempted under GST.
5%
Goods
Services
Hotels and lodges with tariff below Rs 1,000, Grandfathering service has been exempted under GST.
5%
Goods
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 attract tax of 5 %,
Services
Transport services (Railways, air transport), small restraurants will be under the 5% category because their main input is petroleum, which is outside GST ambit.
Transport services (Railways, air transport), small restraurants will be under the 5% category because their main input is petroleum, which is outside GST ambit.
12%
Goods
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.
Services
N on-AC hotels, business class air ticket, fertilisers, Work Contracts will fall under 12 per ..
Goods
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.
Services
N on-AC hotels, business class air ticket, fertilisers, Work Contracts will fall under 12 per ..
18%
Goods
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.
Services
AC hotels that serve liquor, telecom services, IT services, branded garmen ..
Goods
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.
Services
AC hotels that serve liquor, telecom services, IT services, branded garmen ..
28%
Goods
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 ..
Goods
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 ..
Services
5-star hotels, race club betting, cinema will attract tax 28 per cent tax slab under GST
5-star hotels, race club betting, cinema will attract tax 28 per cent tax slab under GST
..
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