GST rates declared, lets know the taxable and tax exempted items
The Indian government taken final decision on the
rates of GST (Goods and Service Tax) as One Tax – One Nation which will be
implemented w.e.f. 1st July, 2017.
The tax slabs covered up to 90% of goods i.e. 1205 number of different
types of goods covered under different slabs of tax and the pending decision
will also be taken today itself of remaining 6 goods, service tax during the
meeting of council. The tax rates are
slightly dropped on which people commonly used items/ goods compared to
past. Lets see which goods covered under
which tax rate detailed below:
Tax exempted goods:
Fresh Meat, Fresh Chicken, Eggs, Milk, Curd, naturally available honey, fresh
vegetables, fruits, salt, bred, bindhi, sindhoor, stamp, judicial papers,
published books, newspapers, bangles, handloom cloths.
5% tax covered goods:
Fish pillet, cream, skimmed milk powder, branded pannier, stored
vegetables, coffee, tea, spices, pizza bred, rusk, saggu biyyam, Kerosene,
Coal, medicines, stunt, life boats.
12% tax covered goods:
Stored meat products, milk bi-products like butter, ghee, etc, packaged
dry fruits, fruit juices, bhutia, namkeen (chips), ayurvedic medicines, tooth
powder, agarbatthi, coloured books, picture books, umbrella, stitching machine,
mobile phones.
18% tax covered goods:
Sugar, pasta, corn flakes, roties, cakes, jams, sauce, soops, ice cream,
instant food and food mixes, mineral water, tissues, envelops, tampons, note
books, steel products, printed circuits, camera, speakers, monitors.
Government brought more number of goods in this
slab.
28% tax covered goods:
Chewing gum, molasses, chocolates (coca less),
wafels, pan masala, paint, perfume, shaving cream, hair shampoo, dye, sun
screen, wall paper, pingani items, water heater, dish washer, weighing
machines, washing machines, ATM, wending machine, voccume cleaner, shapers,
hair clippers, automobiles, motor cycles, hair crafts.
See also: what is gst, meaning of gst, abbreviationof gst, gst tax rates, gst benefits, gst rate in india, gst in india, gst means,
gst in pdf, gst bill, gst india
Note: the matter and
photographs which posted above are collected from different relevant sources it
may not be 100% correct or this site cannot be responsible for any controversy
in this matter. Main aim is to bring current
information timely to netigens only.
Post a Comment