Goods and Service Tax, as the name indicates, is an indirect tax applied to both goods and services, at a uniform rate. The GST tax system has primarily been implemented with the objective to eliminate numerous indirect taxes such as Service Tax, CST and VAT amongst others, as well as to treat both, goods and services at par.
The implementation of GST has been somewhat tricky, with as many as 36 GST Council Meetings, since the introduction of this unified tax system on July 1st, 2017 in India.
In the recently held 36th GST council meeting, a GST rate cut on electric vehicles, and related services was announced. This is in line with the government’s efforts to promote the purchase of electrical and hybrid vehicles, as a means to tackle the increasing problem of pollution. The new change has been put into effect since August 1st, 2019.
The following is the updated itemised list of GST rates.
Item | GST |
Electric Cars | 5% |
Chargers or Charging Stations | 5% |
e-Bus Hiring (seating capacity>12) | No GST |
In the 34th GST Council Meeting held on 19th March 2019, the rates for affordable and non-affordable under-construction housing were slashed. These reduced rates, will however only be applicable in case where the builder or developer DOES NOT avail any input tax credit.
The following is the updated list of GST Rates 2019 with respect to the same.
Item | GST |
Affordable Under Construction Housing | 1% |
Non-Affordable Under Construction Housing | 5% |
In the 33rd GST Council Meeting held on 24th February 2019, the basic exemption limit for good suppliers was increased to Rs. 20 Lakh from Rs. 40 Lakh. The same remains unchanged for suppliers of services.
Yet another highlight of this meeting was the new composition scheme of a fixed GST rate at 6% for service providers with a turnover of over 50 Lakh per annum in the preceding financial year.
The large majority of changes in the GST rates were brought about after the 31st GST Council Meeting held on 22nd December 2018.
The following is the updated list of GST rates with respect to the same.
Item | GST |
Provisionally Preserved Vegetables | Nil |
Steamed, Frozen, Boiled Vegetables | Nil |
Music Books | Nil |
Parts For Manufacturing Renewable Energy Devices(Chapter 84,85,94) | 5% |
Natural Cork | 5% |
Walking Stick | 5% |
Marble Rubble | 5% |
Fly Ash Blocks | 5% |
Agglomerated Cork | 12% |
Roughly Squared Or Debugged Cork | 12% |
Natural Cork Articles | 12% |
Movie Tickets Of Rs. 100 And Below | 12% |
Movies Tickets Above Rs. 100 | 18% |
Retreated And Used Pneumatic Rubber Tyres | 18% |
Third-Party Insurance Of Vehicles | 12% |
Handicapped Mobility Vehicle Accessories | 5% |
Power Banks | 18% |
Video Game Consoles | 18% |
Equipment Used For Billiards And Snooker | 18% |
Sport Related Items With HSN Code 9504 | 18% |
Colour Television Sets And Monitors Of Up To 32” | 18% |
Digital & Video Camera Recorders | 18% |
Pulleys, Transmission Shafts, Cranks And Gear Boxes Under Hsn 8483 | 18% |
Air Travel Of Pilgrims(For Non-Scheduled/Chartered Operations) | 18% |
Footwear | 5%18% (based on transaction value) |
Flexible Intermediate Bulk Container (Fibc) | 12% |
Yet another major change in the GST Rates 2019 was a result of the 28th GST Council Meeting held on 21st July 2018.
The following is the updated list of GST rates on goods with respect to the same.
Item | GST Rates |
Rakhi (Other Than That Of Precious Or Semi-Precious Material ) | Nil |
Sanitary Napkins | Nil |
Circulation And Commemorative Coins | Nil |
Raw Material For Broom | Nil |
Stone/Marble/Wood Deities | Nil |
Sal Leaves And Its Products | Nil |
Khali Dona | Nil |
Coir Pith Compost | Nil |
Chenille Fabrics And Other Fabrics Under 5801 | 5% |
Handloom Dari | 5% |
Phosphoric Acid (Fertiliser Grade) | 5% |
Handmade Carpets, Textile Floor, Coverings | 5% |
Knitted Cap/Topi With Retail Sale Value Exceeding Rs. 1000 | 12% |
Kota Stones And Similar Stones (Other Than Polished) | 5% |
Ethanol For Sale To Oil Marketing Companies For Blending With Fuel | 5% |
Solid Bio Fuel Pellets | 5% |
Marine Engine | 5% |
Bamboo Flooring | 12% |
Hand Operated Rubber Roller | 12% |
Brass Kerosene Pressure Stove | 12% |
Zip And Slide Fastener | 12% |
Handicrafts (Excluding Handmade) | 12% |
Handbags Including Pouches And Purses; Jewellery Box | 12% |
Fuel Cell Vehicle | 12% |
Television Sets Up To 26.8” | 18% |
Glaziers’ Putty, Grafting Putty, Resin Cement | 18% |
Refrigerators, Freezers, Water Cooler, Milk Coolers, Ice Cream Freezer | 18% |
Washing Machines | 18% |
Food Grinders & Mixer | 18% |
Vacuum Cleaners | 18% |
Paints And Varnishes (Including Enamels And Lacquers) | 18% |
Shavers, Hair Clippers | 18% |
Hair Cleaners | 18% |
Storage Water Heaters | 18% |
Immersion Heaters | 18% |
Hair Dryers, Hand Dryers | 18% |
Electric Smoothing Irons | 18% |
Scent Sprays | 18% |
Toilet Sprays | 18% |
Pads For Application Of Cosmetics Or Toilet Preparations | 18% |
Lithium-Ion Batteries | 18% |
Powder Puffs | 18% |
Special Purpose Motor Vehicles | 18% |
Work Trucks (Self-Propelled, Not Fitted With Lifting Or Handling Equipment) | 18% |
Trailers &Semi Trailers | 18% |
Here is the updated GST rates list on goods with respect to the 31st GST Council Meeting.
Item | GST Rates |
Supply of e-Books | 5% |
Supply of Multimodal Transportation | 12% |
In the previously held GST Council Meetings, rates for other goods and services were fixed, and are as follows-
Item | GST |
Vibhuti | 0% |
De-Oiled Rice Bran | 0% |
Parts Used To Manufacture Hearing Aids | 0% |
Old And Used Motor Vehicles [Medium And Large Cars And Suvs] Without ITC | 18% |
Public Transport Buses That Run On Biofuel | 18% |
Services Of Joy Rides | 18% |
Drinking Water Packed In 20 Litres Bottles | 12% |
Drip Irrigation System | 12% |
Sprinklers | 12% |
Biodiesel | 12% |
Drip Irrigation System | 12% |
Biodiesel | 12% |
Sugar Boiled Confectionery | 12% |
Services Of Construction Of Metro / Mono-Rail | 12% |
Mining Of Petrol Crude | 12% |
LPG For Household Use | 5% |
Tamarind Kernel Powder | 5% |
Mehndi Paste In Cones | 5% |
Raw Materials And Consumables Needed For Launch Vehicles/Satellites | 5% |
Tailoring Services | 5% |
Velvet Fabric (Without Refund Of ITC) | 5% |
Articles Of Straw, Of Esparto Or Of Other Plaiting Materials | 5% |
Diamonds And Precious Stones | 0.25% |
Rice Bran (Other Than De-Oiled Rice Bran) | 5% |
Cigarette Filter Rods | 18% |
Shampoo | 18% |
Perfume | 18% |
Tiles | 18% |
Watches | 18% |
Wet Grinders | 12% |
Tanks | 12% |
Condensed Milk | 12% |
Refined Sugar | 12% |
Diabetic Food | 12% |
Desiccated Coconut | 5% |
Idli/Dosa Batter | 5% |
Coir Products | 5% |
Duar Meal | Nil |
Khandsari Sugar | Nil |
Dried Vegetables | Nil |
Restaurants In Hotels With Room Tariffs Less Than Rs. 7,500 | 5% |
Restaurants In Hotels With Room Tariffs More Than Rs. 7,500 | 18% |
Outdoor Catering Services | 18% |
The prevalent GST Rates for everyday goods are as follows:
Item | GST |
Milk | 0% |
Kajal | 0% |
Eggs | 0% |
Curd | 0% |
Lassi | 0% |
Children’s Drawing & Colouring Books | 0% |
Unpacked Food Grains | 0% |
Unbranded Atta | 0% |
Unpacked Paneer | 0% |
Unbranded Maida | 0% |
Besan | 0% |
Gur | 0% |
Unbranded Natural Honey | 0% |
Prasad | 0% |
Fresh Vegetables | 0% |
Palmyra Jaggery | 0% |
Salt | 0% |
PhoolJhadoo | 0% |
Sugar | 5% |
Packed Paneer | 5% |
Tea | 5% |
Coal | 5% |
Edible Oils | 5% |
Raisin | 5% |
Domestic LPG | 5% |
Roasted Coffee Beans | 5% |
Pds Kerosene | 5% |
Skimmed Milk Powder | 5% |
Cashew Nuts | 5% |
Milk Food For Babies | 5% |
Fabric | 5% |
Coir Mats, Matting & Floor Covering | 5% |
Footwear Less Than Rs. 500 | 5% |
Apparel Less Than Rs. 1,000 | 5% |
Spices | 5% |
Agarbatti | 5% |
Mishti/Mithai (Indian Sweets) | 5% |
Life-Saving Drugs | 5% |
Coffee (Instant) | 5% |
Butter Computers | 12% |
Ghee | 12% |
Processed Foods | 12% |
Almonds | 12% |
Mobiles | 12% |
Fruit Juices | 12% |
Preparations Of Vegetables, Fruits, Nuts Or Other PartsOf Plants Including Pickle Murabba, Chutney, Jam, Jelly | 12% |
Packed Coconut Water | 12% |
Umbrella | 12% |
Hair Oil | 18% |
Capital Goods | 18% |
Toothpaste | 18% |
Industrial Intermediaries | 18% |
Soap | 18% |
Ice-Cream | 18% |
Pasta | 18% |
Toiletries | 18% |
Corn Flakes | 18% |
Computers | 18% |
Soups | 18% |
Printers | 18% |
Small Cars (+1% Or 3% Cess) | 28% |
High-End Motorcycles (+15% Cess) | 28% |
Consumer Durables Such As AC And Fridge | 28% |
Luxury & Sin Items Like Bmws, Cigarettes And Aerated Drinks (+15% Cess) | 28% |
The prevalent GST Rates for everyday services are as follows:
Item | GST |
Restaurants Serving Alcohol | 18% |
Non-AC Restaurants | 12% |
Education Services | Nil |
Healthcare Services | Nil |
This updated list of GST rates on various goods and services will certainly serve as a handy guide for tax purposes and other day-to-day calculations.
Also Read: What is the Impact of GST on a Personal Loan?
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