Know the GST Rates in India |भारत में जीएसटी दरों को जानें

GST is the one single piece of legislation that has impacted our spending habits and everyday lives. GST is Goods and Services Tax. GST has come to enforcement on July 1st 2017.This tax has replaced previously levied indirect taxes. Such as VAT, Service Tax, Central Excise duty, Central sales tax, State Sales tax, Entry Tax, OCTROI, Entertainment Tax and Luxury Tax. Now, its very important that all of us must know the GST  Rates in India.

जीएसटी एक ऐसा कानून है जो हमारे खर्च करने की आदतों और रोज़मर्रा के जीवन को प्रभावित किया है। जीएसटी, माल और सेवा कर है; जिसे 1 जुलाई 2017 से लागू किया गया है। जीएसटी ने पहले से चल रहे अप्रत्यक्ष करों का स्थान ले लिया है। जैसे वैट, सर्विस टैक्स, सेंट्रल एक्साइज ड्यूटी, सेंट्रल बिक्री कर, स्टेट सेल कर, एंट्री टैक्स, ऑक्ट्रोआई, एंटरटेनमेंट टैक्स और लक्जरी टैक्स| अब, यह बहुत ही महत्वपूर्ण है कि हम सभी को भारत में जीएसटी दरों को जानना चाहिए।

The GST Rates in India are as follows: 0%, 0.25%, 3%, 5%, 12%, 18% and 28%. GST bill’s  Schedules I, II, III, IV, V, VI, and VII contain detailed descriptions about the goods which fall under the tax slabs 0%, 0.25%, 3%, 5%, 12%, 18% and 28% respectively. The lists of goods which fall under these, have been updated a few times now.

जीएसटी दर स्लैब निम्नानुसार है: 0%, 0.25%, 3%, 5%, 12%, 18% और 28%। जीएसटी विधेयक के अनुसूचियां I, II, III, IV, V, VI, और VII में क्रमशः 0%, 0.25%, 3%, 5%, 12%, 18% और 28% के तहत कर स्लैब के अंतर्गत आने वाले सामानों के बारे में विस्तृत विवरण हैं । माल की सूची, जो इन के अंतर्गत आते हैं, को अब कई बार अपडेट कर दिया गया है।

Know the GST Rates in India:

Let us try to know the GST tax rate in India in a little bit detail.

Your everyday food items and essentials are taxed at 0%; under GST Act. Some of the goods which fall under 0% tax category are:

Food Cereal, pulses, seeds, flours, beverage grains, fresh fruits, dry fruits, and vegetables
Meat Products Fish, meat, processed meat
Healthcare Most medicines including contraceptives.
Energy Electric energy
Other food products All dairy and processed dairy products
Cosmetics Kajal, Bindi, Sindur
Other products Postal items sold by government, Judicial Stamp papers sold by government treasury

 

Now, let’s know the GST rates of products under Schedule II. Schedule II has products with 0.25% GST rate.

Precious stones Diamonds (non-industrial, unworked), precious, semi-precious and synthetic stones.

 

The following products are attracting GST at a rate of 3%:

Jewelry Precious metals, Pearls (natural and cultured), Imitation jewelry

 

There are many products which fall under the bracket of 5% GST rate. The following is the list of products which fall under this bracket:

Foods Sugar, Tea, Edible oils, Dry fruits, spices, Raisins and coffee
Energy PDS Kerosene, Domestic LPG and Coal
Fashion Apparels and footwear
Other Products Coir Mats, Floor covers ,Matting and Agarbatti

 

12% GST rate is on these inline products:

Milk Products Butter and Ghee
Drinks Packed Coconut water, Fresh Juice
Foods Processed foods and preparation of vegetables and fruits
Other Products Computers, Umbrellas and Mobiles

 

To know which products are attracting 18% GST rates, see the following list:

Sanitary Products Toothpaste, hair oil, Soap and Toiletries
Food Products Corn Flakes, Soups, Ice creams and Pasta
Other Products Capital goods, Computers, Printers and Industrial Intermediaries

 

The highest GST rate is 28%. Inline are the goods which are under this rate slab.

Automobiles Small cars, high-end motorcycles, Luxury cars
Tobacco Products Beedis and cigarettes
Consumer Durables Air conditioner and Refrigerator

Recommended Read: Chapter Wise GST Rates in India 2017 pdf

Now, that you know the GST Rates in India, you can plan your budget and expenses accordingly. Keep yourself updated with the GST Rates of the products and services.

अब जब आप भारत में जीएसटी दरों को जानते हैं, तो आप अपने बजट और खर्चों की तदनुसार योजना बना सकते हैं। खुद को जीएसटी उत्पादों और सेवाओं के मूल्यों के साथ अद्यतन रखें।

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