GST Rate – GST Rate Slabs & Revised GST Rate List

February 22, 2020

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GST Rate Revision Effective From 1 October 2019
The Exemption for GST Tax Rate, Which Are Available
The Rate Revision of GST in the 36th GST Council Meeting
What about the 33rd GST Council Meeting Rate Revision
GST Rate revision in 31st GST council meeting
The Goods, Which Are Accepted for Exemption
The Services, Which are Exempted
28th GST Council Meeting Rate Revision under GST Law
The GST rate recent changes on services
GST Rates Structure for Goods and Services under 5%, 12%, 18% & 28%
Goods under GST Slabs
Services under GST Slabs

GST stands for Goods & Services Tax, which was implemented to nullify all the existing tax system and make India One Tax One Nation. GST replaced most of the former implemented taxes like VAT, Service Tax, etc. From the date GST was introduced, the rates has been modified numerous time to benefit the end consumers. GST aims at reducing the tax burden and simplify the taxation system in India.

The latest revisions were discussed in the 37th GST Council meeting.

On Friday (20th September 2019), the GST council had its 37th meeting. About the highlights of 37th GST council meeting, read on the GST Tax rate list mentioned right here:

Table of Contents

GST Rate Revision Effective From 1 October 2019

Item	Current Rate	New Rate
Plates and cups made of flowers, leaves and bark	5%	Nil
Caffeinated Beverages	18%	28%+12% cess
Supplies of Railways wagons & coaches (without refund of accumulated ITC)	5%	12%
Outdoor Catering (without ITC)	18%	5%
Diamond Job work	5%	1.50%
Other Job work	18%	12%
Hotels (Room Tariff of Rs. 7501 or above)	28%	18%
Hotels (Room Tariff from Rs 1,001 to Rs 7,500)	18%	12%
Woven/ Non-woven Polyethylene Packaging bags	18%	12%
Marine fuel	18%	5%
Almond Milk		18%
Slide fasteners	18%	12%
Wet grinders (consisting of stone as a grinder)	12%	5%
Dried Tamarind	5%	Nil
Semi-precious stones- cut & polished	3%	0.25%
Specified goods for petroleum operation under HELP*	Applicable Rate	5%

*Hydrocarbon Exploration Licensing Policy

Item	Current Rate	New Rate
Cess on Petrol Motor Vehicles (Capacity of 10-13 passengers)	15%	1%
Cess on Diesel Motor Vehicles (Capacity of 10-13 passengers)	15%	3%

The Exemption for GST Rate, Which Are Available:

Under-17 Women’s Football World Cup in India, the supplies are made to FIFA specified persons.
For a few specific projects in India, Supplies are made to the Food and Agriculture Organization.
Imports of certain defence goods not made indigenously (up to 2024)
Supply of silver/platinum by specified agencies (Diamond India Ltd) for export
Import of Silver or Platinum by specified agencies (Diamond India Ltd)

The Rate Revision of GST in the 36th GST Council Meeting:

On Saturday (July, 27th 2019), the GST Council held its 36th meeting for GST Tax Rate. That meeting was made by a video conference. In that 36th GST council meeting, the highlights were:

Items	Before	After
Electric chargers	18%	5%
Electric vehicles	12%	5%
A full exemption is given to hiring of e-buses(seating capacity exceeds 12 passengers) by local authorities Grow your business with Marg ERP! Easy GST invoices and filing. Book Free Trial! Note: Will come into effect from 1 August 2019 after the CBIC notification

What about the 33rd GST Council Meeting Rate Revision:

It was led by the Finance Minister Arun Jaitley. The property was in the spotlight.

This is the first after the Interim Budget 2019.

The GST Tax Rates in India were sliced on the under-development houses without ITC advantage; No progressions to GST Rate on lottery or Cement.

GST Rate revision in 31st GST Council Meeting:

The rate cuts of GST council meeting:

List of rate changes at 31st GST Council Meeting
SL.no	List of Goods/Services	Changes in Tax Rate
1	Vegetables provisionally preserved but unsuitable for immediate consumption	5% to Nil
2	Vegetables cooked/uncooked via steamed, frozen or boiled (branded)	5% to Nil
3	Music Books	12% to Nil
4	Parts for manufacturing renewable energy devices falling under chapter 84, 85 or 94 of Tariff	5%
5	Natural cork	12% to 5%
6	Fly ash blocks	12% to 5%
7	Walking sticks	12% to 5%
8	Marble rubble	18% to 5%
9	Agglomerated cork	18% to 12%
10	Cork roughly squared or debugged	18% to 12%
11	Articles of Natural cork	18% to 12%
12	Movie Tickets < or = Rs 100	18% to 12%
13	Premium on Third party insurance on Vehicles	18% to 12%
14	Accessories for Handicapped Mobility Vehicles	28% to 5%
15	Power banks	28% to 18%
16	Movie Tickets > Rs 100	28% to 18%
17	Video game consoles, equipments used for Billiards and Snooker and other sport related items of HSN code 9504	28% to 18%
18	Retreated & used pneumatic Rubber Tyres	28% to 18%
19	Colour Television Sets & monitors up to “32 Inches”	28% to 18%
20	Digital & Video Camera recorders	28% to 18%
21	Pulleys, transmission shafts, cranks and gear boxes under HSN 8483	28% to 18%
22	Tax rate on Air travel of pilgrims reduced*	28% to 18%

Others:

GST on the composite stockpile of products pulling in 5% GST rate on Indian taxes where it is provided alongside the inventory of development administrations and different merchandise for sun oriented force plant, is currently collected as follows:

70% of significant worth is considered as supply of products and exhausted at 5% GST taxes
Staying 30% of the EPC contract esteem is supply of administration and pulls in standard duty rate for administration

– Rate of 5%-18% to be applied dependent on exchange estimation of footwear

– Uniform Goods and Service Tax pace of 12% on Flexible Intermediate Bulk Container (FIBC) from existing 5%-12% (contingent upon the worth)

The Goods, Which Are Accepted for Exemption:

Supply of gold by Nominated Agencies to exporters of articles of gold Jewelry.
Continues received by Government from closeout of endowments got by President, Prime Minister, Governor or Chief Minister of a State and local officials, the returns of which is utilized for open or admirable mission.
Vehicles imported for transitory purposes under the Customs Convention on the Temporary importation of Private Road Vehicles (carnet de sections en-douane) will be excluded from IGST and Compensation cess.

The Services, Which are Exempted:

Services provided by banks to Basic Saving Bank Deposit (BSBD) account holders under
Pradhan Mantri Jan Dhan Yojana (PMJDY)
Services provided by recovery experts perceived under the Rehabilitation Council of India Act, 1992 at clinics, schools or restoration focuses built up by Government or beneficial foundation enrolled under Section 12AA of The Income charge Act,1961.
Advance assurance administrations given by the Government to its endeavors and PSUs for bank advances.

28th GST Council Meeting Rate Revision under GST Law:

GOODS
S.NO	Items	New Rate	Old rate
1	Rakhi (other than that of precious or semi-precious material )	Nil	18%
2	Sanitary Napkins	Nil	12%
3	Circulation and commemorative coins	Nil	5%
4	Raw material for broom	Nil	12%
5	Stone/Marble/Wood Deities	Nil	5%
6	Sal leaves and its products	Nil	18%
7	Khali dona	Nil	18%
8	Coir pith Compost	Nil	5%
9	Chenille fabrics and other fabrics under 5801	5%	12%
10	Handloom dari	5%	12%
11	Phosphoric Acid (fertilizer grade only)	5%	12%
12	Handmade Carpets, Textile Floor, Coverings	5%	12%
13	Knitted cap/topi having retails sale value exceeding Rs. 1000	5%	12%
14	Kota Stones and Similar Stones (other than polished)	5%	18%
15	Ethanol for sale to oil marketing companies for blending with fuel	5%	18%
16	Solid Bio fuel pellets	5%	18%
17	Marine Engine	5%	28%
18	Bamboo Flooring	12%	18%
19	Hand Operated Rubber Roller	12%	18%
20	Brass Kerosene Pressure Stove	12%	18%
21	Zip and Slide Fastener	12%	18%
22	Handicrafts (Excluding handmade)	12%	18%
23	Handbags including pouches and purses; jewellery box	12%	18%
24	Fuel Cell vehicle	12%	28%
25	Televisions upto 68 cm	18%	28%
26	Glaziers’ putty, grafting putty, resin cements	18%	28%
27	Refrigerators, freezers, water cooler, milk coolers, ice cream freezer	18%	28%
28	Washing Machines	18%	28%
29	Food Grinders & mixer	18%	28%
30	Vacuum Cleaners	18%	28%
31	Paints and Varnishes (including enamels and lacquers)	18%	28%
32	Shavers, Hair Clippers	18%	28%
33	Hair Cleaners	18%	28%
34	Storage water heaters	18%	28%
35	Immersion heaters	18%	28%
36	Hair Dryers, Hand Dryers	18%	28%
37	Electric Smoothing irons	18%	28%
38	Scent Sprays	18%	28%
39	Toilet Sprays	18%	28%
40	Pads for application of cosmetics or toilet preparations	18%	28%
41	Lithium-ion batteries	18%	28%
42	Powder Puffs	18%	28%
43	Special purpose motor vehicles	18%	28%
44	Work Trucks (Self-propelled, not fitted with lifting or handling equipment)	18%	28%
45	Trailers & Semi trailers	18%	28%

List of Goods Exempt
Fortified Milk	exempt	5%

The GST rate recent changes on services:

SERVICES
Rate Change
Services	New GST Rates	Old GST Rates
Supply of e-books	5%	18%
Supply of Multimodal Transportation	12%	Nil
List of Services Exempt
Senior Citizens
1. Coal Mines provident fund organisation provided the services to the PF subscribers
2. Old age home provided the services run by state government / central government to the citizens aged more than 60 years upto Rs. 25000
3. GST exempted on the service fee, which is collected by National Pension System Trust
4. Unincorporated body or non profit entity, services provided by them, which is registered under any law to own members upto Rs. 1000 per year of membership fees.

Agriculture/ Farmers
1. Services by way of artificial insemination of livestock (other than horses)
2. Services provided to food businesses by FSSAI
3. Services provided by way of warehousing minor forest produce
4. Services provided by the installation and commissioning by DISCOMS for extending electricity distribution network for agricultural use

Banking/Finance/ Insurance
1. Reinsurance services provided to insurance scheme such as Pradhan Mantri Rashtriya Swasthya Suraksha Mission

Government
1. Guarantees given by the central/ state government to their undertakings/ PSUs
2. Services provided by the government to ERCC by assigning the right to collect royalty to mining lease holders

Miscellaneous
1. Import of services by Foreign diplomatic missions/ UN other international organizations
2. GST rate slabs will apply on the actual rate for hotel services instead of declared tariff

GST Rates Structure for Goods and Services under 5%, 12%, 18% & 28%

Tax GRates	Products
0%	Milk	Kajal
0%	Eggs	Educations Services
0%	Curd	Health Services
0%	Lassi	Children’s Drawing & Colouring Books
0%	Unpacked Foodgrains	Unbranded Atta
0%	Unpacked Paneer	Unbranded Maida
0%	Gur	Besan
0%	Unbranded Natural Honey	Prasad
0%	Fresh Vegetables	Palmyra Jaggery
0%	Salt	Phool Bhari Jhadoo
5%	Sugar	Packed Paneer
5%	Tea	Coal
5%	Edible Oils	Raisin
5%	Domestic LPG	Roasted Coffee Beans
5%	PDS Kerosene	Skimmed Milk Powder
5%	Cashew Nuts	Footwear (< Rs.500)
5%	Milk Food for Babies	Apparels (< Rs.1000)
5%	Fabric	Coir Mats, Matting & Floor Covering
5%	Spices	Agarbatti
5%	Coal	Mishti/Mithai (Indian Sweets)
5%	Life-saving drugs	Coffee (except instant)
12%	Butter	Computers
12%	Ghee	Processed food
12%	Almonds	Mobiles
12%	Fruit Juice	Preparations of Vegetables, Fruits, Nuts or other parts of Plants including Pickle Murabba, Chutney, Jam, Jelly
12%	Packed Coconut Water	Umbrella
18%	Hair Oil	Capital goods
18%	Toothpaste	Industrial Intermediaries
18%	Soap	Ice-cream
18%	Pasta	Toiletries
18%	Corn Flakes	Computers
18%	Soups	Printers
28%	Small cars (+1% or 3% cess)	High-end motorcycles (+15% cess)
28%	Consumer durables such as AC and fridge	Beedis are NOT included here
28%		Luxury & sin items like BMWs, cigarettes and aerated drinks (+15% cess)

Notwithstanding the over, a couple of different things were referenced in the Council’s declaration of GST rates. These things and the relevant Goods & Service Tax rates on them are as per the following:

Goods under GST Slabs

5% Tax Slab

Sugar, Tea, Coffee and Edible oil will fall under the 5 % section, while grains, milk will be a piece of the excluded list under GST information. This is to guarantee that fundamental merchandise are accessible at reasonable costs. Be that as it may, moment nourishment has been kept outside this section along these lines, no alleviation for Maggie!
Coal to be exhausted at 5 % against current 11.69 %. This will demonstrate advantageous for the force area and substantial businesses which depend on coal supply. This will likewise help control expansion. Anticipate a decent run for Coal India tomorrow.
The ‘mithai’ from the neighboring sweet shop may lose a portion of its flavors as Indian desserts will currently be assessable at 5 % Goods and Service tax rate. On the off chance that you have a sweet tooth, this could hurt your pocket a small piece in the coming days.

18% Tax slab

Toothpaste, hair oil, and cleansers will all be exhausted at 18 % GST rates, where presently they are burdened at 28 % Most of the beauty care products and quick moving customer merchandise (FMCG) brands ought to get the advantage of this duty decrease. All things considered, Fair and Lovely may appear to be more attractive in its valuing starting now and into the foreseeable future!
The Council has set the rate for capital products and modern middle things at 18% GST Tax rates. This will decidedly affect local makers as consistent info credit will be accessible for every single capital great. Without a doubt, it is the ideal opportunity for “Make in India”.