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List of GST Tax Rates 2017 on All Materials

by Lavanya G

List of GST Tax Rates 2017 on All Materials

List of GST Tax Rates 2017

List of GST Tax Rates 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:

List of GST Tax Rates 2017

Here is the complete updated list:

Gold and rough diamonds do not fall under the current rate slab ambit and will be taxed at 3% and 0.25% respectively. 

List of GST Tax Rates 2017

No tax(0%) 
Goods 
No tax will be imposed on items like Jute, 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, Bones and horn cores, bone grist, bone meal, etc.; hoof meal, horn meal, Cereal grains hulled, Palmyra jaggery, Salt – all types, Kajal, Children’s’ picture, drawing or colouring books, Human hair.
Services 
Hotels and lodges with tariff below Rs 1,000, Grandfathering service has been exempted under GST. Rough precious and semi-precious stones will attract GST rate of 0.25 per cent.

List of GST Tax Rates 2017

5% 
Goods 
Items such as fish fillet, Apparel below Rs 1000, packaged food items, footwear below Rs 500, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, sabudana, kerosene, coal, medicines, stent, lifeboats, Cashew nut, Cashew nut in shell, Raisin, Ice and snow, Bio gas, Insulin, Agarbatti, Kites, Postage or revenue stamps, stamp-post marks, first-day covers 

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.

List of GST Tax Rates 2017

12%
Goods 
Apparel above Rs 1000, 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, Ketchup & Sauces, All diagnostic kits and reagents, Exercise books and note books, Spoons, forks, ladles, skimmers, cake servers, fish knives, tongs, Spectacles, corrective, Playing cards, chess board, carom board and other board games, like ludo, 
Services 
State-run lotteries, Non-AC hotels, business class air ticket, fertilisers, Work Contracts will fall under 12 per cent GST tax slab 

List of GST Tax Rates 2017

18%
Goods 
Most items are under this tax slab which include footwear costing more than Rs 500, Trademarks, goodwill, software, Bidi Patta, Biscuits (All catogories), 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, Kajal pencil sticks, Headgear and parts thereof, Aluminium foil, Weighing Machinery [other than electric or electronic weighing machinery], Printers [other than multifunction printers], Electrical Transformer, CCTV, Optical Fiber, Bamboo furniture, Swimming pools and padding pools, Curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings 

Services 
AC hotels that serve liquor, telecom services, IT services, branded garments and financial services will attract 18 per cent tax under GST, Room tariffs between Rs 2,500 and Rs 7,500, Restaurants inside five-star hotels 

List of GST Tax Rates 2017

28%
Goods 
Bidis, 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 GST system. 

Services 
Private-run lotteries authorised by the states, hotels with room tariffs above Rs 7,500, 5-star hotels, race club betting, cinema will attract tax 28 per cent tax slab under GST 

 List of GST Tax Rates 2017

[As per discussions in the 16th GST Council Meeting held on 11th June, 2017]

S. No.Chapter / Heading / Subheading /Tariff itemDescription of goods Earlier GST rate
approved by the GST Council		 Revised GST Rate approved by
the GST Council
1. 0506, 0507
90		 Bones and horn cores, bone grist, bone meal,
etc.; hoof meal, horn meal, etc.		5% 0%
2.0801Cashew nut12%5% 
3.0801Cashew nut in shell12% 5% [under reverse
charge]
4.0806Raisin12%5% 
5.1104Cereal grains hulled5% 0%
6.1702Palmyra jaggery18%0%
7. 20
[All goods]		 Preparations of vegetables, fruits, nuts or
other parts of plants, including pickle,
murabba, chutney, jam, jelly		18%/12%12%
8. 2103, 2103
00, 2103 90
90		 Ketchup & Sauces [other than curry paste;
mayonnaise and salad dressings; mixed
condiments and mixed seasonings], Mustard
sauces		18%12%
9. 2103 90 10,
2103 90 30,
2103 90 40		 Curry paste; mayonnaise and salad dressings;
mixed condiments and mixed seasonings		28%18%
10.2106Bari made of pulses including mungodi18% 12%
11.2201 90 10 Ice and snow12%5%
12.2501 Salt, all types5%0%
13.27  Bio gas12% 5%
14.28  Dicalcium phosphate (DCP) of animal feed grade conforming to IS specification
No.5470 : 2002		12% 0%
15.30   Insulin12%5%
16.29, 30, 3302 (i) Menthol and menthol crystals,
(ii) Peppermint (Mentha Oil),
(iii) Fractionated / de-terpenated mentha oil
(DTMO),
(iv) De-mentholised oil (DMO),
(v) Spearmint oil,
(vi) Mentha piperita oil		18% 12%
17.3304 20 00 Kajal [other than kajal pencil sticks] 28% Nil
18.3304 20 00 Kajal pencil sticks28% 18%
19.3307 Agarbatti12% 5%
20.3407 Dental wax28% 18%
21.3822  All diagnostic kits and reagents18% 12%
22.3926 Plastic beads28% 12%
23.3926 90 99  Plastic Tarpaulin28%18%
24.4202  (i) School satchels and bags other than of leather or composition leather;
(ii) Toilet cases [4202 12 10];
(iii) Hand bags and shopping bags of artificial plastic material [4202 22 10], of cotton [4202 22 20], of jute [4202 22 30], vanity bags [4202 22 40];
(iv) Handbags of other materials excluding wicker work or basket work [4202 29 10].		28%18%
25.4820 Exercise books and note books18%12%
26.4823 Kites12%5%
27.4903  Children’s’ picture, drawing or colouring
books		12% Nil
28.57  Coir mats, matting and floor covering12% 5%
29. 65 [All goods]
Headgear and parts thereof  		28% 18%  
30. 6703  Human hair, dressed, thinned, bleached or
otherwise worked 		28% 0%   
31.68 Fly ash blocks   28%  12% 
32.  6810 11 90 Pre cast Concrete Pipes   28% 18% 
33.  6906  Salt Glazed Stone Ware Pipes 28%  18% 
34. 7015 10  Glasses for corrective spectacles and flint
buttons  		18%  12% 
35. 71  Rough precious and semi-precious stones 3% 0.25%   
36.7607Aluminium foil28% 18%
37.8215  Spoons, forks, ladles, skimmers, cake
servers, fish knives, tongs		18%12%
38.8308   All goods, including hooks and eyes28%18%
39.84 Pawan Chakki that is Air Based Atta Chakki28%5%
40.84 Fixed Speed Diesel Engines28%12%
41.4011 Rear Tractor tyres and rear tractor tyre tubes28%18%
42.8708  Rear Tractor wheel rim, tractor centre
housing, tractor housing transmission, tractor
support front axle		28%18%
43. 8423 &
9016		 Weighing Machinery [other than electric or
electronic weighing machinery]		28%18%
44.8443 Printers [other than multifunction printers]28%18%
45.8482  Ball bearing, Roller Bearings, Parts & related
accessories		28%18%
46.8504Transformers Industrial Electronics28%18%
47.8504Electrical Transformer28%18%
48.8504Static Convertors (UPS)28%18%
49.8521 Recorder28%18%
50.8525 CCTV28%18%
51.8525 60  Two-way radio (Walkie talkie) used by
defence, police and paramilitary forces etc.		28%
52.8528  Set top Box for TV28%18%
53.8528Computer monitors not exceeding 17 inches28%18%
54.8539 Electrical Filaments or discharge lamps28%18%
55.8544Winding Wires28%18%
56.8544Coaxial cables28%18%
57.8544 70Optical Fiber28%18%
58.8472 Perforating or stapling machines (staplers),
pencil sharpening machines		28%18%
59.8715Baby carriages28%18%
60.9002 Intraocular lens18%12%
61.9004 Spectacles, corrective18%12%
62.9017  Instruments for measuring length, for use in
the hand (for example, measuring rods and
tapes, micrometers, callipers)		28%18%
63.9403   Bamboo furniture28%18%
64.9504  Playing cards, chess board, carom board and
other board games, like ludo, etc. [other than
Video game consoles and Machines]		28%12%
65.9506 Swimming pools and padding pools28%18%
66.9603 10 00  Muddhas made of sarkanda and phool bahari
jhadoo		5% 0%
67. 9704 
 		 Postage or revenue stamps, stamp-post
marks, first-day covers, etc		12%5%
68.9705 Numismatic coins12%5%
69. 4823 90 11,
8472, 9101,
9102, 9021		 Braille paper, braille typewriters, braille
watches, hearing aids and other appliances to
compensate for a defect or disability
[These goods are covered in List 32 appended
to notification No.12/2012-Customs, dated
17.03.2012 and are already at 5% GST rate		12%5%

List of GST Tax Rates 2017

Decisions taken by the GST Council in the 17th meeting – 18 June 2017

I. Decisions with respect to GST rates for Services

1. It has been decided in respect of the service of transport of goods by a vessel that GST rate of 5% will be available with ITC in respect of input services and GST paid on ships, vessels including bulk carriers and tankers.

2. It has been decided that accommodation in hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes where room tariff is Rs 2500/- and above but less than Rs 7500/- per room per day shall attract GST rate of 18% with full ITC.

3. Accommodation in hotels including 5 star and above rated hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes, where room rent is Rs 7500/- and above per day per room shall attract GST rate of 28% with full ITC.

4. Supply of Food/drinks in air-conditioned restaurant in 5-star or above rated Hotel shall attract GST rate of 18% with full ITC. Accordingly, the following entries of the schedule of GST Rates for Services as approved by the GST Council shall be modified as under:

List of GST Tax Rates 2017

Sl. No.Description of Services GST Rate
5.Transport of goods in a vessel including services provided or agreed to be provided by a person located in non-taxable territory to a person located in nontaxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India5% with ITC of input services and ITC of GST paid on ships, vessels including bulk carriers and tankers
24.Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes where room tariff is Rs 2500/ and above but less than Rs 7500/- per room per day18% With Full ITC
31.Supply of Food/drinks in air-conditioned restaurant in 5-star or above rated Hotel18% With Full ITC
32.Accommodation in hotels including 5 star and above rated hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes, where room rent is Rs 7500/- and above per room per day 28% With Full ITC

List of GST Tax Rates 2017

II. It has been decided that supply of lottery shall attract GST rates as under

1. Lottery run by State Governments – 12% of face value of lottery ticket

2. Lottery authorized by State Governments – 28% of face value of lottery ticket

List of GST Tax Rates 2017

Check here to know more on GST and to download GST Billing Rules :

SL NO. TOPICSLINK
1.Invoicing Under GST CHECK HERE
2.Invoicing Under GST RulesCHECK HERE

Check here to know more on GST HSN Code with Rate :

SL NO. TOPICSLINK
1.GST Rate ScheduleCHECK HERE
2.GST Rate by GST CouncilCHECK HERE
3.GST HSN Codes EnrollnmentCHECK HERE

For more on GST and List of GST Tax Rates 2017 log onto www.cakart.in

 

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