- 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:
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
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”.
Services under GST Slabs:
- For restaurants serving alcohol, the tax 18 per cent
- Education, healthcare are the exempted areas from GST
- Services on Non-AC restaurants are 12 %
Very detailed… used very good examples
Hi, the GST Rate – GST Rate Slabs & Revised GST Rate List is very good, congratulations to Marg ERP’ authors.