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GST Rates Structure - Taxes Rates on Goods and Services under GST

By Agam Gupta

( 5.4K Views) May 28, 2017

The final GST rates are announced by the GST Council on 19th May 2017 in 14th GST Council Meeting at Srinagar. The council has broadly keep the rates in 5 categories and these are Nil, 5%, 12%, 18% and 28%.

The Government has decided to keep a large number of Items under 18% slab and in total 1211 items are categorised under 5 slabs. Here is the glimpse of the division of items and services:

GST Rates Structure for Goods - Download the Chapter Wise List of GST Rates on Goods and Services

Tax Rates	Products	Services
Nil	Fresh Meat, Fish, Chicken, Eggs, Milk, Butter Milk, Curd Natural Honey, Fresh Fruits and Vegetables Flour, Besan, Bread, Prasad, Salt Bindi, Sindoor, Bangles, Handloom Stamps, Judicial Papers, Printed Books, Newspapers	Hotels and lodges with tariff below Rs 1,000 Education Services Healthcare Services
5%	Fish fillet, cream, skimmed milk powder Branded Paneer, Frozen vegetables, Mithai, Sweets Coffee (Except Instant), Tea, Spices, Pizza bread, Rusk, Sabudana, Sugar, Edible Oil Kerosene, Coal Medicines, Stent, Lifeboats	Tour Operator Services Transport of Goods and Passengers by Rail (Other than Sleeper class) Goods Transportation Agency (GTA) Economy Class Air Travel Radio Taxi
12%	Computers, Cell Phones Iron and Steel Utensils Butter and other fats (ghee, butter oil, etc.) and oils derived from milk; dairy spreads Cheese Dry Fruits	Non AC Restaurant and not having Liquor License Hotels Tariff in B/w Rs. 1000 to Rs. 2500 Real Estate Business Class Air Travel
18%	Most of the Items comes under this slab 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 Hair Oil, Toothpaste and Soaps Capital goods and Industrial Intermediaries	AC Restaurant having Liquor License IT Services Work Contracts Financial, CA Services Hotels Tariff in B/w Rs. 2500 to Rs. 5000
28%	Small and Mid SiMid-Size(+1% or 3% cess) Luxury Cars and High-End Motorcycles (+15% cess) Pan masala, Aerated water, Cigarettes (+15% Cess) Deodorants, Shaving Creams, Aftershave, Hair Shampoo, Dye Sunscreen, Wallpaper, Ceramic Tiles Water heaterHeaterwasher, Weighing machine Washing machine, ATM, Vending Machines, Vacuum cleaner Shavers, Hair clippers	5-star hotels restaurant and accommodation Race Club betting, Gambling Cinema, Water Parks, Amusement Parks, Sports Event

Although, Government has tried to give the common person a relief by putting most of the consumer price index items under Nil tax rate category, in order to provide goods to the common man at affordable prices.

Also, most of the products which are previously taxed nearly 28% which are commonly used items include FMCG products will now come under 18% slab rate.

In the case of you want to know more about the GST rates, please click on the following Download Links, to get the Chapter wise Chart of GST rates of Goods and Services.

Download GST Rates for Goods

Download GST Rates for Services

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