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GST Rates in 2021 – List of Goods and Service Tax Rates, Slab & Revision

Updated on:  

08 min read

As soon as the GST rates were announced a huge wave of curiosity hit across industry and trade bodies. Everyone is evaluating their position as a result of this change.

So in this article, we bring you our analysis of these GST rates.

GST Rate revision in 42nd GST council meeting

The 42nd GST council meeting was held on 05 October 2020 and the following decisions have been taken regarding GST rates.

  • GST exemption provided to satellite launch services by ISRO, Antrix Corporation and New Space India Limite (NSIL) to encourage the space launching services in India.
  • The non-alcohol based sanitisers will continue to be taxed at an 18% GST rate.

GST Rate revision in 39th GST council meeting

39th GST Council meeting was held on 14 March 2020, Saturday at New Delhi. Read all the highlights on 39th GST Council Meeting.

The following are the rate cuts announced at the 39th GST Council meeting:

Item

Old Rate

New Rate

Mobile phones and specified parts

12%

18%

Handmade matches

5%

12%

Other than handmade matches

18%

12%

Aircraft MRO (Maintenance, Repair, Overhaul) services

18%

5% (with full ITC)

The rate changes are effective from 1 April 2020

GST Rate revision in 38th GST council meeting

38th GST Council meeting was held on 18 December 2019, Wednesday at New Delhi. Read all the highlights on 38th GST Council Meeting.

The following are the rate cuts announced at the 38th GST Council meeting:

Item

Old Rate

New Rate

Lotteries (State-owned)

12%

28%

Lotteries (State-authorised)

28%

28%

Woven and non-woven fabrics

12%

18%

Sacks of Polythene and Polypropylene in nature

12%

18%

GST rate changes will apply from 1 March 2020 for lottery and from 1 January 2020 for bags and sacks.

GST Rate revision in 37th GST council meeting

GST Council had its 37th meet held at Goa on Friday (20th September 2019). Read all the highlights on 37th GST Council Meeting.

The following are the rate cuts announced at the 37th GST Council meeting:

GST Rate Revision effective from 1 October 2019

ItemOld RateNew Rate
Plates and cups made of flowers, leaves and bark5%Nil
Caffeinated Beverages18%28%+12% cess
Supplies of Railways wagons & coaches (without refund of accumulated ITC)5%12%
Outdoor Catering (without ITC)18%5%
Diamond Job work5%1.50%
Other Job work18%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 bags18%12%
Marine fuel18%5%
Almond Milk 18%
Slide fasteners18%12%
Wet grinders (consisting of stone as a grinder)12%5%
Dried Tamarind5%Nil
Semi-precious stones- cut & polished3%0.25%
Specified goods for petroleum operation under HELP*Applicable Rate5%

*Hydrocarbon Exploration Licensing Policy

ItemCurrent RateNew 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%
GST Exemption available for:
  • Supplies to FIFA- specified persons for the Under-17 Women’s Football World Cup in India
  • Supply to the Food and Agriculture Organisation (FAO) for specified projects in India
  • 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)

GST Rate revision in 36th GST council meeting

GST Council had its 36th meet via video conference on Saturday (27th July 2019). Read all the highlights on 36th GST Council Meeting..

The following are the rate cuts announced at the 36th GST Council meeting:

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

GST Rate revision in 33rd GST council meeting

The latest meeting-33rd GST Council meeting is rescheduled on 24th February 2019 from earlier date 20th February 2019.

It was chaired by the Finance Minister Arun Jaitley. Real estate was in limelight.

This is the first one after the Interim Budget 2019.

The GST rates were slashed on the under-construction houses without ITC benefit; No changes to GST Rate on lottery or Cement.

GST Rate revision in 31st GST council meeting

31st GST Coucil meeting was held 22nd December 2018. GST Rates for 23 Goods and 3 Services have been revised*.

Here is a summarised version of the list of rate cuts on both Goods and Services:

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%

*For travel by non-scheduled/chartered operations for religious pilgrimage which are facilitated by GoI under bi-lateral agreements. Others: -GST on the composite supply of goods attracting 5% GST rate where it is supplied along with the supply of construction services and other goods for solar power plant, is now levied as follows:

  • 70% of value is considered as supply of goods and taxed at 5% GST.
  • Remaining 30% of the EPC contract value is supply of service and attracts standard tax rate for service.

-Rate of 5%/18% to be applied based on transaction value of footwear. -Uniform GST rate of 12% on Flexible Intermediate Bulk Container (FIBC) from existing 5%/12% (depending on the value).

Goods recommended for exemption

  • Supply of gold by Nominated Agencies to exporters of article of gold Jewellery.
  • Proceeds received by Government from auction of gifts received by President, Prime Minister, Governor or Chief Minister of a State and public servants, the proceeds of which is used for public or charitable cause.
  • Vehicles imported for temporary purposes under the Customs Convention on the Temporary importation of Private Road Vehicles (carnet de passages-en-douane) will be exempt from IGST and Compensation cess.

Services recommended for exemption

  • Services supplied by banks to Basic Saving Bank Deposit (BSBD) account holders under Pradhan Mantri Jan Dhan Yojana (PMJDY)
  • Services supplied by rehabilitation professionals recognised under Rehabilitation Council of India Act, 1992 at hospitals, schools or rehabilitation centres established by Government or charitable institute registered under Section 12AA of The Income tax Act,1961.
  • Loan guarantee services provided by Government to its undertakings and PSUs for bank loans.

GST Rate revision in 28th GST council meeting

28th GST Council Meeting was held 21st July 2018. GST Rates for 45 Goods and 2 Services have been revised*.

Recent GST Rate Changes on Goods

GOODS

S.NOItemsNew RateOld rate
1Rakhi (other than that of precious or semi-precious material )Nil18%
2Sanitary NapkinsNil12%
3Circulation and commemorative coinsNil5%
4Raw material for broomNil12%
5Stone/Marble/Wood DeitiesNil5%
6Sal leaves and its productsNil18%
7Khali donaNil18%
8Coir pith CompostNil5%
9Chenille fabrics and other fabrcis under 58015%12%
10Handloom dari5%12%
11Phosphoric Acid (fertilizer grade only)5%12%
12Handmade Carpets, Textile Floor, Coverings5%12%
13Knitted cap/topi having retails sale value exceeding Rs. 10005%12%
14Kota Stones and Simliar Stones (other than polished)5%18%
15Ethanol for sale to oil marketing companies for blending with fuel5%18%
16Solid Bio fuel pellets5%18%
17Marine Engine5%28%
18Bamboo Flooring12%18%
19Hand Operated Rubber Roller12%18%
20Brass Kerosene Pressure Stove12%18%
21Zip and Slide Fastener12%18%
22Handicrafts (Excluding handmade)12%18%
23Handbags including pouches and purses; jewellery box12%18%
24Fuel Cell vehicle12%28%
25Televisions upto 68 cm18%28%
26Glaziers’ putty, grafting putty, resin cements18%28%
27Refrigerators, freezers, water cooler, milk coolers, ice cream freezer18%28%
28Washing Machines18%28%
29Food Grinders & mixer18%28%
30Vacuum Cleaners18%28%
31Paints and Varnishes (including enamels and lacquers)18%28%
32Shavers, Hair Clippers18%28%
33Hair Cleaners18%28%
34Storage water heaters18%28%
35Immersion heaters18%28%
36Hair Dryers, Hand Dryers18%28%
37Electric Smoothing irons18%28%
38Scent Sprays18%28%
39Toilet Sprays18%28%
40Pads for application of cosmetics or toilet preparations18%28%
41Lithium-ion batteries18%28%
42Powder Puffs18%28%
43Special purpose motor vehicles18%28%
44Work Trucks (Self-propelled, not fitted with lifting or handling equipment)18%28%
45Trailers & Semi trailers18%28%

List of Goods Exempt

Fortified Milkexempt5%

Recent GST Rate Changes on Services

Edit

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. Sevices provided by Coal Mines provident fund organisation to the PF subscribers
2. Services provided by Old age home run by state government / central government to the citizens aged more than 60 years upto Rs. 25000
GST exempted on the administrative fee collected by National Pension System Trust
4. Services provided by an unincorporated body or non profit entiy 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 by FSSAI to food businesses.
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 central/state government to their undertakings/PSUs.
2. Services provided by 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 Rate revision in 25th GST council meeting

Latest Update:


1st September 2021
45th GST Council meeting will be held on 17th September 2021. Tax concessions on COVID-19 essentials may be extended, Matter on GST compensation to states may be taken up, correction of inverted tax structure, etc are on the agenda.

28th May 2021
43rd GST Council meeting took place on 28th May 2021. The Council approved the GST amnesty scheme to be re-introduced, the late fee was rationalised for all taxpayers, especially for small taxpayers and IGST is exempted on import of COVID treating equipment and relief materials up to 31st August 2021.

21st May 2021
43rd GST Council meeting will take place on 28th May 2021 (Friday) at 11 A.M. via video conferencing and will be chaired by Union FM Nirmala Sitharaman.

18th February 2021
Various media sources have stated that the next 43rd/44th GST Council Meeting is set to be held in mid-March 2021.

12th October 2020
The extended 42nd GST council meeting (also referred as 43rd GST Council meet by certain media sources) was held on 12th October 2020 with the following highlights:
1. The meeting ended with no unanimity on the borrowing issue.
2. The levy of compensation cess will continue beyond the 5-year period.
3. The centre will not be able to borrow funds to meet the compensation cess shortfall.
4. It was also clarified in the press briefing that the cess collected July 2022 onwards will not be disbursed to the states.

5th October 2020
At the 1st of the 42nd GST Council meeting, the GST council discussed the pressing compensation cess issue and other matters with regard to ease of return filing and GST rate reduction.

27th August 2020
41st GST Council meeting was held on 27th August 2020 via VC with the key item on agenda being the ways to compensate for the GST revenue shortfall to the states.

12th June 2020
40th GST Council meeting concluded with major announcements made for MSMEs.

1st September 2021

45th GST Council meeting will be held on 17th September 2021. Tax concessions on COVID-19 essentials may be extended, Matter on GST compensation to states may be taken up, correction of inverted tax structure, etc are on the agenda.



28th May 2021
43rd GST Council meeting took place on 28th May 2021. The Council approved the GST amnesty scheme to be re-introduced, the late fee was rationalised for all taxpayers, especially for small taxpayers and IGST is exempted on import of COVID treating equipment and relief materials up to 31st August 2021.

21st May 2021
43rd GST Council meeting will take place on 28th May 2021 (Friday) at 11 A.M. via video conferencing and will be chaired by Union FM Nirmala Sitharaman.

18th February 2021
Various media sources have stated that the next 43rd/44th GST Council Meeting is set to be held in mid-March 2021.

GST Rate revision in 23rd GST council meeting

Latest Update:-

As per 23rd GST Council meeting on 10th November 2017

GST Rates for 178 items have been reduced from 28% to 18%. Click here to read all updates of the meet.
  • GST Rate for manufacturers and traders under composition scheme is 1 %
  • Reduced from 28% to 18% W.e.f. 15th Nov 2017 – Shampoo, Perfume, tiles, watches
  • Reduced from 28% to 12% – Wet grinders, tanks
  • Reduced from 18% to 12% – Condensed milk, refined sugar, diabetic food
  • Reduced from 12% to 5% – Desiccated coconut, idli dosa batter, coir products
  • Reduced from 5% to Nil – Duar meal, khandsari sugar, dried vegetables
  • For Restaurants within hotels, and room tariff less than Rs. 7,500 the GST rate is 5%. Also, the credit of  ITC paid on inward supplies cannot be taken.
  • For Restaurants within hotels, and room tariff greater than Rs. 7,500 the GST rate is 18% and credit of  ITC paid on inward supplies can be availed.
  • Outdoor catering continues to be charged at 18% with the availability of ITC on inward supplies.

We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. According to the GST latest news from the GST council, the tax structure for common-use goods are as under:

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

Edit
Tax GRatesProducts
0%MilkKajal
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%GurBesan
0%Unbranded Natural HoneyPrasad
0%Fresh Vegetables

Palmyra Jaggery

0%Salt

Phool Bhari Jhadoo

5%SugarPacked Paneer
5%TeaCoal
5%Edible OilsRaisin
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%SpicesAgarbatti
5%Coal

Mishti/Mithai (Indian Sweets)

5%Life-saving drugs

Coffee (except instant)

12%ButterComputers
12%Ghee

Processed food

12%AlmondsMobiles
12%Fruit Juice

Preparations of Vegetables, Fruits, Nuts or other parts
of Plants including Pickle Murabba, Chutney, Jam, Jelly

12%Packed Coconut WaterUmbrella
18%Hair OilCapital goods
18%Toothpaste

Industrial Intermediaries

18%SoapIce-cream
18%PastaToiletries
18%Corn FlakesComputers
18%SoupsPrinters
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)

In addition to the above, a few other items were mentioned in the Council’s announcement of GST rates. These items and the applicable GST rates on them are as follows:Goods under GST Slabs

5% Tax Slab

  • Sugar, Tea, Coffee and Edible oil will fall under the 5 % slab, while cereals, milk will be part of the exempt list under GST. This is to ensure that basic goods are available at affordable prices. However, instant food has been kept outside this bracket so, no relief for Maggie lovers!
  • Coal to be taxed at 5 % against current 11.69 %. This will prove beneficial for the power sector and heavy industries which rely on coal supply. This will also help curb inflation. Expect a good run for Coal India tomorrow.
  • The ‘mithai’ from the neighbouring sweet shop might lose some of its flavors as Indian sweets will now be taxable at 5 %. If you have a sweet tooth, this could hurt your pocket a wee bit in the coming days.

18% Tax slab

  • Toothpaste, hair oil, and soaps will all be taxed at 18 %, where currently they are taxed at 28 % Most of the cosmetics and fast moving consumer goods (FMCG) brands should get the benefit of this tax reduction. After all, Fair and Lovely might seem fairer in its pricing from now on!
  • The Council has set the rate for capital goods and industrial intermediate items at 18 per cent. This will positively impact domestic manufacturers as seamless input credit will be available for all capital goods. Indeed, it is time for “Make In India”.

Services under GST Slabs

  • for restaurants serving alcohol, the tax bracket will be 18 per cent
  • education, healthcare are going to be exempted from GST
  • services on Non-AC restaurants will be 12 %

If you want to know more about the GST rates & HSN codes, please check the below table.

GST Rates for goods and services with HSN

Chapter 1Live Animals, Bovine & Poultry
Chapter 2Meat & Edible Offal of Animals
Chapter 3Fish Meat & Fillets
Chapter 4Eggs, Honey & Milk Products
Chapter 5Non Edible Animal Products
Chapter 6Live Trees & Plants
Chapter 7Vegetables
Chapter 8Fruits & Dry Fruits
Chapter 9Tea, Coffee & Spices
Chapter 10Edible Grains
Chapter 11Milling Industry Products
Chapter 12Oil Seeds, Fruit & Part of Plants
Chapter 13Gums, Resins, Vegetable SAP & Extracts
Chapter 14Vegetable Material & Products
Chapter 15Fats, Oils & Waxes their Fractions
Chapter 16Preserved/Prepared Food Items
Chapter 17Sugar, Jaggery, Honey & bubble Gums
Chapter 18Chocolate & Cocoa Products
Chapter 19Pizza, Cake, Bread, Pasta & Waffles
Chapter 20Edible Plants – Fruits, Nuts & Juices
Chapter 21Tea & Coffee Extract & Essence
Chapter 22Water – Mineral & Aerated
Chapter 23Flours, Meals & Pellets
Chapter 24Tobacco, Stemmed & Stripped
Chapter 25Salts & Sands
Chapter 26Mineral Ores & Slags
Chapter 27Fossil Fuels – Coal & Petroleum
Chapter 28Gases & Non Metals
Chapter 29Hydrocarbons – Cyclic & Acyclic
Chapter 30Drugs & Pharmaceuticals
Chapter 31Fertilisers
Chapter 32Tanning & Colouring Products
Chapter 33Essential Oils, Beauty Products
Chapter 34Soaps, Waxes, Polish products
Chapter 35Casein, Albumin, Gelatin, Enzymes
Chapter 36Propellants, Explosives, Fuses, Fireworks
Chapter 37Photographic & Cinematographic Films
Chapter 38Insecticides, Artificial Carbon & Graphite
Chapter 39Polymers, Polyethylene, Cellulose
Chapter 40Rubber, Plates, Belt, Condesnsed Milk
Chapter 41Raw hides & Skins, Leather
Chapter 42Trunks, Suit-cases, Vanity cases
Chapter 43Raw Fur Skins, Articles of apparel
Chapter 44Fuel wood, Wood Charcoal
Chapter 45Natural Cork, Shuttlecock Cork
Chapter 46Plaiting Materials, Basketwork
Chapter 47Mechanical & Chemical woodpulp
Chapter 48Newsprint, Uncoated paper & paperboard
Chapter 49Printed Books, Brochures, Newspapers
Chapter 50Silk Worm Coccon, Yarn, Waste & Woven Fabrics
Chapter 51Wool materials & Waste, Animal Hairs
Chapter 52Cotton materials, Synthetics & Woven fabrics
Chapter 53Flex raw, Vegetable materials & Paper yarn
Chapter 54Synthetic felaments, Woven fabrics & Rayons
Chapter 55Synthetic felament tows & Polyster staple fiber
Chapter 56Towels, Napkins, ropes & Netting materials
Chapter 57Carpets & Floor coverings textile Handlooms
Chapter 58Labels, Bades, Woven pile & Chennile, Terry towelings
Chapter 59Rubberised textile fabrics, Convayer belts
Chapter 60Pile,Wrap Knit,Tarry & Croched fabrics
Chapter 61Men & Women Clothing
Chapter 62Men & Women Jackets, Coats & Garments
Chapter 63Blankets & Bedsheets
Chapter 64Shoes & Footwear Products
Chapter 65Hats & Accessories
Chapter 66Umbrellas & Accessories
Chapter 67Artificial flowers, Wigs & False Beards
Chapter 68Monumental & Building Stones
Chapter 69Bricks, Blocks & Ceramics
Chapter 70Glasses, Mirrors, Flasks
Chapter 71Pearls, Diamonds, Gold, Platinum
Chapter 72Iron, Alloys, Scrap & Granules
Chapter 73Iron tube, piles & Sheets
Chapter 74Copper Mattes, Rods, Bars, Wires, Plates
Chapter 75Nickel Mattes & Unwrought Nickel
Chapter 76Unwrought Aluminium- Rods, Sheets & Profiles
Chapter 78Unwrought Lead – Rods, Sheets & Profiles
Chapter 79Unwrought Zinc – Rods, Sheets & Profiles
Chapter 80Unwrought Tin – Rods, Sheets & Profiles
Chapter 81Magnesium, Cobalt, Tungsten Articles
Chapter 82Hand Tools & Cutlery
Chapter 83Locks, Metal Mountings & Fittings
Chapter 84Industrial Machinery
Chapter 85Electrical Parts & Electronics
Chapter 86Railway Locomotives & Parts
Chapter 87Tractors & Motor Vehicles
Chapter 88Balloons, Parachutes & Airlift Gear
Chapter 89Cruise Ships & Boats
Chapter 90Medical, Chemical & Astronomy
Chapter 91Watches & Clocks
Chapter 92Musical Instruments
Chapter 93Military Weapons & firearms
Chapter 94Furniture, Bedding & lighting
Chapter 95Children Toys, Table & Board Games & Sports Goods
Chapter 96Pencil Lighter Toiletries
Chapter 97Paintings Decoratives Sculptures
Chapter 98Machinery Lab Chemicals Drugs Medicines
Chapter 99Services

If you are using any version of Tally as accounting software, you can easily import all your sales and purchase data to ClearTax GST software and file your returns. Now you can integrate your Tally data and use ClearTax GST software for all GST compliance.

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