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GST Rate Card Then & Now – What’s Cheap, What’s Costlier

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G.S.T Then & Now-001

The final meeting of the GST Council happened on Friday, and they came out with a 213 page draft which had the complete list of the products with the slabs of tax rates. It provides a complete laydown of the different rate of taxes on the different category of products.

For some of the products it is a waiver on the existing tax, but for the most of the goods, the prices will see a sharp rise. The committee has fixed on a four slab rate of taxation, upon which all the products are going to get classified. A total of 1,211 items were slabbed according to their category and and rates were fixed. Among these, even included services industry, transport, finance, insurance and hospitality.

The taxes are set on a four slab rate – 5%, 12%, 18% and 28%.

Exempted from GST

Goods Services
  • Any sort of unprocessed and local meat
  • Pasteurized form of milk, Separated Milk, Fresh Milk and Cream
  • Buttermilk, Unpackaged and Unbranded Paneer and Honey
  • Fresh fruits and vegetables which has not been preserved
  • Unroasted coffee beans unprocessed tea leaves
  • Unprocessed and Unbranded Fresh turmeric, Wheat, Rye, Barley, Oats, Maize, Rice and Millet.
  • Non-aerated unprocessed Water
  • Common Salt, Kala Namak and Rock Salt
  • Medical Products and Medicines
  • Books (printed which includes Braille books), Newspapers, Journals, Maps, Atlas, Globes
  • Tariff of Hotels priced under Rs 1,000.
  • Metro Fare, Local Train Tickets
  • Fare of Non AC Train
  • Education and activities related to it and Healthcare Services

5% Slab Rate

Goods Services
  • Packaged form of Honey, Paneer, Yogurt, Fresh Cream etc.
  • Herbs, Dry Fruits, Frozen Fruits and Veggies or used in preservative solutions,
  • Processed, roasted and packaged Coffee, packaged and processed Tea
  • Processed and packaged Spices like Cinnamon Cloves, Nutmeg, Mace, Cardamom, Thyme, Bay leaves etc.
  • Mixture for making Bread, Pastry and other Bakery.
  • Carriages for disabled persons (both Motorized Carriages and Mechanically Propelled Carriages)
  • Broomsticks
  • Fare of AC Train Travel
  • Fair of Economy Air Travel
  • Cab Fare (includes Ola, Uber)

12% Slab Rate

Goods Services
  • Frozen and Packed Meat Items
  • Butter and Cheese
  • Namkeens, Bhujia and other such edible items
  • Washing Detergents.
  • Books for Entertainment and Education (Printed on illustrated paper)
  • Mathematical and Geometry boxes, Colors Boxes, Pencil Sharpeners
  • Utensils, Sewing Needles, Kerosene and LPG Stoves
  • Household articles made up of Iron, Steel, Copper and Aluminum
  • Blades and Paper Knives
  • Telephones (both Cellular Network and Wireless Networks)
  • Sports Goods, Toys, Combs, Hair Pins, Pens, Pencils, Crayons, Tampons, Sanitary Napkins, Clinical Diapers.
  • Tariff of Non AC hotels
  • Fare of Business Class Air Travel

18% Slab Rate

Goods Services
  • Refined Sugar (which includes Colors and Flavours)
  • Artificial honey
  • Cooked or Uncooked Pasta, Corn flakes, Bulgar Wheat
  • Waffles and Wafers
  • Soups, Ice Cream, Food Mixes (Instant Food Mixtures and same sort of edibles)
  • Sharbat, Soy Milk and Soy Drinks, Fruit Pulp or Fruit Juice based Concentrates
  • Tooth Powder, Agarbatti (Incense Sticks)
  • Products made up of Plastic (like tableware, kitchenware, other household articles)
  • Electronic Toys
  • Facial Tissues, or any kind of paper paper related products
  • Helmets and Hats (manufactured from Textile Fabric)
  • Spectacles and it’s lenses
  • Tariff of Air Conditioned Hotels
  • Liquor serving Hotels and Bars
  • Tariff of Hotels ranging in between Rs 2,500 to Rs 5,000
  • Services relating to Telecom and Finance

28% Slab Rate

Goods Services
  • Molasses, Chewing gum, Bubble gum, White chocolate (which does not contain cocoa)
  • Any sort of Chocolate and preparations which contain cocoa
  • Churn for pan, Custard Powder, Pan Masala
  • Perfumes, Beauty Products (includes sunscreen and sun tan products)
  • Bathing soaps
  • Plywood, Veneered panels and similar kind of Laminated Wood
  • Mirrors or products with mirror or glass, and wood related wall coverings
  • Stoves (expect kerosene and LPG stoves)
  • Air Heaters and Hot Air Distributors
  • Primary cells and Batteries
  • Vacuum cleaners, Electric Motor, Video Games Consoles
  • Equipment for Physical Exercise, Gymnastics and Athletics
  • Five Star Hotels which has a Tariff ranging above Rs 5,000
  • Race Club Betting
  • Consuming Films

Majority of the products come under the first three slabs i.e 81% and the rest come under the last slab (28%).

What’s Cheap & What’s Costlier (in Images)

Goods exempt from GST No Change

Consumable Goods GST

Lifestyle and personal care

COnstruction and metal

Other Goods

Do let us know if you have any questions in the comments section.

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