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    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.
  1. GST Rate revision in 37th GST council meeting
  2. GST Rate revision in 36th GST council meeting
  3. GST Rate revision in 33rd GST council meeting
  4. GST Rate revision in 31st GST council meeting
  5. GST Rate revision in 28th GST council meeting
  6. GST Rate revision in 25th GST council meeting
  7. GST Rate revision in 23rd GST council meeting
  8. GST Rates for goods and services with HSN

 

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 36th GST Council meeting:

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%

 

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:

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%

*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.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 fabrcis 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 Simliar 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%

Recent GST Rate 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. 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:

As per 25th GST Council meeting on 18th January 2018

*Note that Rate changes, Exemptions and other proposals made shall be given effect once the Notifications are issued for the same.

GST council has made the much-awaited announcements around tax rates on various categories of goods on 18th January 2018 at Vigyan Bhavan, Delhi. There has been a hype around these rates for a while and now these GST rates are finally in the public domain!

GST Rates for 29 Goods and 53 Services have been revised*. Click here to read all updates of the meet.

  • Goods taxed at 0%- Vibhuti, De-oiled rice bran and parts used to manufacture hearing aids
  • Reduced from 28% to 18%- Old and used motor vehicles [medium and large cars and SUVs] without ITC, Public transport Buses that run on Biofuel, Services of joy rides, Go-karting
  • Reduced from 28% to 12% –Old and used motor vehicles [other than medium and large cars and SUVs] without ITC
  • Reduced from 18% to 12% –Drinking water packed in 20 litres bottles, Drip irrigation system, sprinklers, Biodiesel, Sugar boiled Confectionery, Services of construction of metro / mono-rail, mining of petrol crude
  • Reduced from 18% to 5% –LPG for household use, Tamarind Kernel Powder, Mehendi paste in cones, Raw materials and Consumables needed for Launch vehicles/satellites, Services of Tailoring
  • Reduced from 12% to 5%-Velvet fabric( Without Refund of ITC), Articles of straw, of esparto or of other plaiting materials
  • Reduced from 3% to 0.25%-Diamonds and precious stones
  • Rate Increased from 0% to 5%-Rice bran (other than de-oiled rice bran)
  • Rate Increased from 12% to 18%-Cigarette filter rods
  • Services included in the Exemption List: 
      • Providing information under RTI Act, 2005
      • Legal services provided to Government
      • Admission to, or conduct of examination provided to all educational institutions including any service of conducting entrance examinations  on collection of entrance fees

    Admission to, or conduct of examination provided to all educational institutions including any service of conducting entrance examinations on collection of entrance fees

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%

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)

GST Rates

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

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