Complete Goods and Services Tax Rates (Updated)

0
222
Complete Goods and Services Tax Rates (Updated)

Goods and service tax (GST) is introduced in India, next are the updated goods and services tax rates, which help you before buying any services or products in India.

Goods and Services Tax Rates

GST On Car/Bikes:

Small Diesel Cars 28% + 5% cess
Small Petrol Cars 28% + 1% cess
Luxury cars 28% + 15% cess
Bikes 31%
Private jets 31%
Luxury yachts 31%

GST Rate On Tobacco Products

Tobacco 28% + cess
Pan masala 28% + cess
Cigarettes 28% + 5% cess

GST Rate On Electronic Products

Computer printers 18%
Electronic toys 18%
Mobile phones 12%
Television TV 28%
Refrigerator 28%
Air Conditioner AC 28%
Washing machines 28%
Microwave ovens 28%

GST Rate On Medicines

Ayurvedic medicines 12%
Pharma (Life-saving drugs) 5%
Homeopathy medicines 12%

GST Rate On Clothes And Footwear

Footwear Shoes, Sandals, Slippers, Bellies up to Rs. 500 5%
Footwear Shoes, Sandals, Slippers, Bellies above Rs. 500 18%
Readymade garments 12%

GST Rate On Valuable Items

Processed Diamonds 3%
Silver 3%
Gold 3%

GST Rate On Other Important Items

Cotton and natural fibre 5%
Cement 28%
Man-made fibre 18%
Railway freight 5%
Military weapons 18%
LPG stoves 18%
Perfumes 28%
Pistols 28%

GST Rate On Various Food Items

Mass consumption food items such as spices, tea, coffee, sugar, vegetable/ mustard oil; newsprint, and Indian sweets NIL
Chocolates 28%
Chewing gum 28%
Essential mass consumption items like milk, cereals, fruits, vegetable, jaggery (Gur), food grains, rice and wheat NIL
Packaged foods like pickles, tomato ketchup, Mayonnaise, fruit preserves 12%
Processed foods 12%
Pastries & Cakes 18%
Pasta, Maggi & Noodle Items 18%
Ice creams 18%
Soups 18%
Soft drinks like Pepsi, Coca-Cola (not fruit juices) 28%
FMCG goods like hair oil, soaps, toothpaste and shampoos 18%
Fruit juices 12%
Meats 12%
Butter 12%
Cheese 12%

 

If you have queries or suggestions, please leave a comment below.

LEAVE A REPLY

Please enter your comment!
Please enter your name here