Posted on : 22-05-2017, 08:11 AM
No. of responses: 1
Last reply on: 04 Jul 2017, 08:33 AM

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GST rates are finalised on 1211 items, 6 categories are remaining to be decided rates. According to the official sources, it is revealed that 81% percent of the items have been fall under the category of 5, 12, 18 or 28 percent brackets. Fitment committee said that, they have been done in a way so that there is no increase in tax incidence.
Let’s have a Quick Look at Complete List of GST Slab Rate and Items mentioned below:-

Zero Percent (0%) or Nil Rate:
No tax rates will be levied on basic food items which includes fresh chicken, meat, milk, eggs, butter, curd, natural honey, besan, flour, wheat, bread, stamps, sindoor, judicial papers, newspapers, bangles, handloom, salt, bindi, fresh fruits, vegetables and so on.

5% Slab Rate:
Cream, Skimmed Milk Powder, Fish Fillet, frozen vegetables, coffee, tea, branded paneer, pizza bread, sabudana, spices, kerosene, medicines, coal, rusk are some of the items which will fall under the category of 5% slab rate.

12% Slab Rate:
Items such as cheese, frozen meat products, ghee, butter, sausage, dry fruits in packaged form, Bhujia, fruit juices, namkeen, animal fat, tooth powder, Ayurvedic medicines, colouring books, agarbatti, picture books, sewing machine, umbrella, and cellphones will fall under the 12% Slab Rate under GST.

18% Slab Rate:
Most of the items will fall under 18% Slab Rate, and it include corn flakes, notebooks, flavoured refined sugar, pastries and cakes, pasta, jams, sauces, soup, tissues, instant food items or mixes, ice cream, ,mineral water, preserved vegetables, tampons, envelope, printed circuits, steel products, camera, speakers and monitors.

28% Slab Rate:
28% is the highest slab rate under GST. It include several items such as chewing gum, chocolate not containing cocoa, waffles and wafers coated with chocolate, pan masala, molasses, deodorants, aerated drinks, shaving creams, hair shampoo, , after shave, paint, 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, and yachts

Read Full Details: http://www.gsthelplineindia.com/blog/2017/05/18/gst-tax-rate/
Posted on : 04 Jul 2017, 08:33 AM
  • PriyaSharma
  • Financial Advisor
  • Total Posts: 1
  • Join Date: 2017-07-04
Many thanks for sharing this information with us. 
Also you can see the revised GST rates to have complete knowledge of proposed GST regime.
https://www.gstkeeper.com/gst-rates.php
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