GST council has made the much-awaited announcements around tax rates on various categories of goods on day one of a two-day meeting of the said council at Srinagar. There has been a hype around these rates for a while and now these rates are finally in the public domain.
As soon as the GST rates were announced a huge wave of curiosity hit across industry and trade bodies. Everyone is evaluating their position as a result of this change. So in this article, we bring you our analysis of these GST rates.
We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. According to the latest news from the GST council, the tax structure for common-use goods are as under:
GST Rates Structure
| Tax Rates | Products | Products |
|---|---|---|
| 0% | Milk | Kajal |
| Eggs | Educations Services | |
| Curd | Health Services | |
| Lassi | Children's Drawing & Colouring Books | |
| Unpacked Foodgrains | Unbranded Atta | |
| Unpacked Paneer | Unbranded Maida | |
| Gur | Besan | |
| Unbranded Natural Honey | Prasad | |
| Fresh Vegetables | Palmyra Jaggery | |
| Salt | Phool Bhari Jhadoo | |
| Bones and horn cores, bone grist, bone meal, etc.; hoof meal, horn meal, etc. | Cereal grains hulled | |
| Palmyra jaggery | Dicalcium phosphate (DCP) of animal feed grade conforming to IS specification No.5470 : 2002 | |
| Human hair, dressed, thinned, bleached or otherwise worked | Muddhas made of sarkanda | |
| 5% | Sugar | Packed Paneer |
| Tea | Coal | |
| Edible Oils | Raisin | |
| Domestic Oils | Roasted Coffee Beans | |
| PDS Kerosene | Skimmed Milk Powder | |
| Cashew Nuts | Footwear (< Rs.500) | |
| Milk Food for Babies | Apparels (< Rs.1000) | |
| Fabric | Coir Mats, Matting & Floor Covering | |
| Spices | Agarbatti | |
| Coal | Mishti/Mithai (Indian Sweets) | |
| Life-saving drugs | Coffee (except instant) | |
| Cashew nut,Cashew nut in shell | Raisin | |
| Ice and snow | Bio gas | |
| Insulin | Agarbatti | |
| Kites | Coir mats, matting and floor covering | |
| Pawan Chakki that is Air Based Atta Chakki | Numismatic coins | |
| 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 (Chapter 90)] | ||
| 12% | Butter | Computers |
| Ghee | Processed food | |
| Almonds | Mobiles | |
| Fruit Juice | Preparations of Vegetables, Fruits, Nuts or other parts of Plants including Pickle Murabba, Chutney, Jam, Jelly | |
| Packed Coconut Water | Umbrella | |
| Preparations of vegetables, fruits, nuts or other parts of plants, including pickle, murabba, chutney, jam, jelly | Ketchup & Sauces [other than curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings], Mustard sauces | |
| Bari made of pulses including mungodi | Apparels (< Rs.1000) | |
|
All diagnostic kits and reagents | |
| Plastic beads | Exercise books and note books | |
| Fly ash blocks | Glasses for corrective spectacles and flint buttons | |
| Spoons, forks, ladles, skimmers, cake servers, fish knives, tongs | Coffee (except instant) | |
| Fixed Speed Diesel Engines | Two-way radio (Walkie talkie) used by defence, police and paramilitary forces etc. | |
| Intraocular lens | Spectacles, corrective | |
| Playing cards, chess board, carom board and other board games, like ludo, etc. [other than Video game consoles and Machines] | Agarbatti | |
| 18% | Hair Oil | Capital goods |
| Toothpaste | Industrial Intermediaries | |
| Soap | Ice-cream | |
| Pasta | Toiletries | |
| Soups | Printers | |
| Curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings | Kajal pencil sticks | |
| Dental wax | Plastic Tarpaulin | |
|
Headgear and parts thereof | |
| Pre cast Concrete Pipes | Salt Glazed Stone Ware Pipes | |
| Aluminium foil | All goods, including hooks and eyes | |
| Rear Tractor tyres and rear tractor tyre tubes | Rear Tractor wheel rim, tractor centre housing, tractor housing transmission, tractor support front axle | |
| Weighing Machinery [other than electric or | Printers [other than multifunction printers] | |
| Ball bearing, Roller Bearings, Parts & related accessories | Transformers Industrial Electronics | |
| Electrical Transformer | Static Convertors (UPS) | |
| Recorder | CCTV | |
| Set top Box for TV | Computer monitors not exceeding 17 inches | |
| Electrical Filaments or discharge lamps | Winding Wires | |
| Coaxial cables | Optical Fiber | |
| Perforating or stapling machines (staplers), pencil sharpening machines | Baby carriages | |
| Instruments for measuring length, for use in the hand (for example, measuring rods and tapes, micrometers, callipers) | Bamboo furniture | |
| Coaxial cables | Optical Fiber | |
| Swimming pools and paddling pools | ||
| 28% | Small cars (+1% or 3% cess) | High-end motorcycles (+15% cess) |
| Consumer durables such as AC and fridge | Beedis are NOT included here | |
| Luxury & sin items like BMWs, cigarettes and aerated drinks (+15% cess) |
