The Goods and Services Tax (GST) Council on Thursday fixed tax rates on 1211 items, most of which likely become cheaper as the new rates will be lower than the current effective rates.
Here is the brief of same in tabular form for ready reference.
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FINALIZED GST RATE CARD FOR ITEMS |
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0% |
No tax will be imposed on items like fresh meat, fish chicken, eggs, milk, butter milk, curd, natural honey, fresh fruits and vegetables, flour, besan, Prasad, bread, salt, bindi. Sindoor, stamps, judicial papers, printed books, newspapers, bangles, handlooms etc. |
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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. |
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12% |
Frozen meat products, butter, cheese, ghee, dry fruits in packaged form, animal fat, sausage, fruit juices, Bhutia, namkeen, Ayurvedic medicine, tooth powder, agarbatti, colouring books, picture books, umbrella, sewing machine, and cellphones will be under, 12% tax slab. |
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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 chocolate, 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 machine, vacuum cleaner, shavers, hair clippers, automobiles, motorcycles, aircraft for personal use, and yachts, will attract 28 percent tax. |
The slabs have not been determined for all goods and services, it was confirmed by the finance minister in the press address after the meeting, that almost 81 percent of the goods will be under the first three brackets, lower than 18 percent. Only 19 percent of the items will be categorised under the 28 percent slab.
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