BY ECONOMICTIMES.COM | UPDATED: MAY 19, 2017, 07.54 AM
IST
The GST Council, the apex decision-making body
for the new tax, has fixed the tax framework under the Goods and Services Tax
(GST) which is to be rolled out this July 1. Tax rates have been finalised for
1,211 items with a majority of items being kept under the 18 per cent slab.
Here's a complete list of GST rate card.
Nil
rate (0%):
No tax
will be imposed on items like fresh meat, fish chicken, eggs, milk, butter
milk, curd, curd, natural honey, fresh fruits and vegetables, flour,
besan, bread, prasad, salt, bindi. Sindoor, stamps, judicial papers, printed
books, newspapers, bangles, handloom etc.
5%:
Items
such as fish fillet, cream, skimmed milk powder, branded paneer, frozen
vegetables, coffee, tea, spices, pizza bread, rusk, sabudana, kerosene, coal,
medicines, stent, lifeboats will attract tax of 5 percent.
12%:
Frozen
meat products , butter, cheese, ghee, dry fruits in packaged form, animal
fat, sausage, fruit juices, Bhutia, namkeen, Ayurvedic medicines, tooth powder,
agarbatti, colouring books, picture books, umbrella, sewing machine, and
cellphones will be under 12 per cent tax slab.
18%:
Most
items are under this tax slab which include flavoured refined sugar, pasta,
cornflakes, pastries and cakes, preserved vegetables, jams, sauces, soups, ice
cream, instant food mixes, mineral water, tissues, envelopes, tampons, note
books, steel products, printed circuits, camera, speakers and monitors.
28%:
Chewing gum, molasses, chocolate not containing
cocoa, waffles and wafers coated with choclate, pan masala, aerated water,
paint, deodorants, shaving creams, after shave, hair shampoo, 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 will attract 28
per cent tax - the highest unde ..
read more at:
No comments:
Post a Comment