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A sample guide to GST rates in FY 2017

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As per the GST Act, the Indian government brought as many as 1211 items under the purview of various tax slabs. Here are some of the details that we mention about the tax rates that respective items would attract:

No Tax (0% GST)

As per the act, no tax would be levied on items such as fresh meat, chicken, milk, eggs, fruits, butter milk, natural honey, curd, fresh fruits and vegetables, flour, besan, bread, Prasad, salt, bindi, sindoor, stamps, printed books, judicial papers, handlooms, bangles etc.

5% GST Slab

A 5% tax would be levied on various goods and services listed below.

Goods:- Goods such as fish fillet, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, coal, sabudana, medicines, stent, life boats etc.

Services:- Both railway and air transport, small restaurants fall under the category of 5% services as their main input is considered to be petroleum, which is outside the purview of the GST. Textile work would also attract 5% GST.

12% GST Slab

Goods:- All the apparels above Rs 1,000, frozen meat products, butter, cheese, ghee, dry fruits, fruit juice, namkeen, Ayurvedic medicines, tooth powder, picture books, coloring books, umbrella, sewing machines, cell phones. Spoons, forks, cake servers, fish knives, batters, cotton quilts exceeding Rs 1,000, porcelain items etc all attract a 12% GST.

Services such as state run lotteries, work contracts, business class air ticket and Non- Ac hotels would levy a 12% GST.

18% GST Slab

Maximum items have been kept under this tax slab. Items such as refined sugar, pasta, jams, ice cream, instant food mixes, mineral water, envelopes, note books, steel products all come under the ambit of 18% tax slab.

28% GST Slab

Services such as private run lotteries, hotel rooms with tariffs greater than Rs 7,500, five-star hotels, betting clubs and cinema would attract 28% GST.

Goods such as chewing gums, shaving creams, ATM, vending machines, shavers, vacuum cleaner, automobiles, motorcycles, sunscreen, paint, deodorants etc have been kept under the 28% GST slab.

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Ashutosh Aggarwal
Ashutosh Aggarwal is a Founder and Editor-In-Chief at The GST Blog. He holds Bachelor Degree in commerce. He is pursuing company secretary course and chartered accountancy course. Before started this blog, He worked as an accounts manager in a reputed MNC. Also, having an experience of teaching for all subjects of commerce for five years in his study point.

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