List of GST Tax Rates 2017

List of GST Tax Rates 2017  

GST Rates on Food, Pharma, Kitchen, Lifestyle, Construction Categories (Click Here)

Updated GST Tax Slab in India 13 July 2017

GST Rate in India: Here are the tax rates for all goods and services. GST Rates in India 2017 (Item Wise GST List PDF) GST tax slabs range from 0% (Nil ) to 31%. 

Last Updated as on 13 July 2017: Amid efforts by the government towards a smooth, lag-free transition to GST, the Central Board of Excise and Customs has released a mobile app – called GST Rate Finder. Currently available on Android Smartphones, the GST Rate Finder app enables users to find out the new tax rates on several goods and services and cross check their bills on the go.

GST Tax Slab Rates List 2017: 5%, 12%, 18% and 28%. Taxes to be subsumed under GST are Excise Duty, Service Tax, Central Sales Tax, Surcharge & Fees, VAT, Taxes on Lottery, Luxury Tax, Entry Tax, Entertainment Tax (These are the parts of Central Tax & State Tax). Small retailers not hurry in stock up fresh inventory due to unclear vision on GST. Honda Activa & Unicorn prices may drop by 3 – 5% after 1 july 2017.

Impact of GST on Household Expenses

Category	Before GST	After GST
Food	12.5%	5.00%
Entertainment	30.00%	28.00%
Transportation	15.00%	18.00%
Household – Personal Care	28.00%	18.00%
Mobile Phone	15.00%	18.00%
Insurance Premium	15.00%	18.00%
Credit Card Bills	15.00%	18.00%

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL

The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28% as listed below. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law.

New GST Rates are applicable in all over India – New Delhi, Haryana, Assam, Mizoram, Nagaland, Manipur, West Bengal, Uttrakhand, Rajasthan, Himchal Pradesh, Punjab, Maharashtra, Kerala, Telangana, Tamilnadu, Odisha, Kanyakumari, Goa, Chandigarh, Bihar, Uttar Pradesh, Arunachal Pradesh, Gujarat, Andhra pradesh, Meghalaya. Tripura, Chattishgarh and Madhya Pradesh. Only Jammu kashmir are exempt.

Description of Services	GST RATE with ITC of input services
Transport of goods by rail	5%
Transport of passengers by rail (other than sleeper class)	5%
Services of goods transport agency (GTA) in relation to transportation of goods [other than used household goods for personal use]	5% No ITC
Services of goods transport agency in relation to transportation of used household goods for personal use.	5% No ITC
Transport of goods in a vessel including services provided or agreed to be provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India	5%
Renting of motorcab (If fuel cost is borne by the service recipient, then 18% GST will apply)	5% No ITC
Transport of passengers, by- (i) Air conditioned contract/stage carriage other than motorcab (ii) A radio taxi	5% No ITC
Transport of passengers by air in economy class	5% with ITC of input services
Transport of passengers, with or without accompanied belongings, by air, embarking from or terminating in a Regional Connectivity Scheme Airport.	5%
Supply of tour operators’ services	5% No ITC
Leasing of aircrafts under Schedule II [5 (f)] by a scheduled airlines for scheduled operations	5% with ITC of input services
Selling of space for advertisement in print media	5%
Services by way of job work in relation to printing of newspapers	5%
Transport of goods in containers by rail by any person other than Indian Railways	12%
Transport of passengers by air in other than economy class	12%
Supply of Food/drinks in restaurant not having facility of air-conditioning or central heating at any time during the year and not having licence to serve liquor.	12%
Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes having room tariff Rs.1000 and above but less than Rs.2500 per room per day	12%
Services provided by foreman of chit fund in relation to chit	12% with ITC of input services
Construction of a complex, building, civil structure or a part thereof, intended for sale to a buyer, wholly or partly. [The value of land is included in the amount charged from the service recipient]	12% With Full ITC but no refund of overflow of ITC
Temporary transfer or permitting the use or enjoyment of any Intellectual Property (IP) to attract the same rate as in respect of permanent transfer of IP	12%
Supply of Food/drinks in restaurant having licence to serve liquor	18%
Supply of Food/drinks in restaurant having facility of air-conditioning or central heating at any time during the year	18%
Supply of Food/drinks in outdoor catering	18%
Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes where room tariff of Rs 2500/ and above but less than Rs 5000/- per room per day	18%
Bundled service by way of supply of food or any other article of human consumption or any drink, in a premises (including hotel, convention center, club, pandal, shamiana or any other place, specially arranged for organizing a function) together with renting of such premises	18%
Services by way of admission or access to circus, Indian classical dance including folk dance, theatrical performance, drama	18%
Composite supply of Works contract as defined in clause 119 of section 2 of CGST Act	18%
Services by way of admission to entertainment events or access to amusement facilities including exhibition of cinematograph films, theme parks, water parks, joy rides, merry-go rounds, go-carting, casinos, race-course, ballet, any sporting event such as IPL and the like	28%
Services provided by a race club by way of totalizator or a licensed bookmaker in such club	28%
Gambling	28%
Supply of Food/drinks in air-conditioned restaurant in 5-star or above rated Hotel	28%
Accommodation in hotels including 5 star and above rated hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes, where room rent is Rs 5000/- and above per night per room	28%
Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration (supply of service) to attract the same GST rate and compensation cess as applicable on supply of similar goods which involves any transfer of title in goods (supply of goods)	GST and compensation cess as on supply of similar goods
Any transfer of right in goods or of undivided share in goods without the transfer of title thereof (supply of services) to attract the same GST rate and compensation cess as applicable on supply of similar goods which involves any transfer of title in goods (supply of goods).	GST and compensation cess as on supply of similar goods
Supply consisting of transfer of title in goods under an agreement which stipulates that property in goods shall pass at a future date upon payment of full consideration as agreed (supply of goods): value of leasing services shall be included in the value of goods supplied.	GST and compensation cess as on supply of similar goods
All other services not specified elsewhere	18%

SCHEDULE OF GST RATES FOR GOODS AS APPROVED BY GST COUNCIL

Milk, cereals, fruits, vegetable, jaggery (gur), food grains, rice and wheat, spices, tea, coffee, sugar, vegetable/ mustard oil, newsprint, coal and Indian sweets, Silk and jute fibre	Nil
Gold, Silver and Processed Diamonds	3%
Railway freight, Pharma (Life saving drugs), Footwear up to Rs. 500, Cotton and natural fibre	5%
Packaged foods like pickles, tomato sauce, mustard sauce and fruit preserves, Ayurvedic and homeopathy medicines, Processed foods, Fruit juices, live animals, meats, butter & cheese, Mobile phones, Ready-made garments	12%
Footwear above Rs. 500, hair oil, soaps, toothpaste and shampoos, chemical and industrial use intermediaries, LPG stoves, military weapons, electronic toys, Pastries, cakes, pasta, ice creams, soups, Man made fibre and yarn	18%
White and brown goods like TV, refrigerator, AC, washing machines, microwave ovens, soft drinks and aerated beverages, Cement, Perfumes, revolver, pistols, Chocolates, chewing gum, waffles containing chocolate	28%
Luxury and de-merits goods and sin category items e.g. tobacco, pan masala	28% + Cess
Small cars – petrol driven	28% + 1% cess
Small cars – diesel driven	28% + 5% cess
Cigarettes	28% + 5% cess
Luxury cars	28% + 15% cess
Heavy bikes, Luxury yachts, private jets	31%

Service Tax Exemptions to be continued in GST as decided by GST Council

1. Services by Government or a local authority excluding the following services—
2. Services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government.
3. Services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport.
4. Transport of goods or passengers.
5. Any service, other than services covered under clauses (i) to (iii) above, provided to business entities.
6. Services by the Reserve Bank of India.
7. Services by a foreign diplomatic mission located in India.
8. Services relating to cultivation of plants and rearing of all life forms of animals, except the rearing of horses, for food, fibre, fuel, raw material or other similar products.
9. Service by way of access to a road or a bridge on payment of toll charges.
10. Transmission or distribution of electricity by an electricity transmission or distribution utility.
11. Services by way of renting of residential dwelling for use as residence.
12. Services by a veterinary clinic in relation to health care of animals or birds.
13. Services by an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) by way of charitable activities, Charitable activities may be defined as presently in notification No 25/2012-ST.
14. Services provided by a tour operator to a foreign tourist in relation to a tour conducted wholly outside India.
15. Services by way of public conveniences such as provision of facilities of bathroom, washrooms, lavatories, urinal or toilets.
16. Services by way of pre-conditioning, pre-cooling, ripening, waxing, retail packing, labelling of fruits and vegetables which do not change or alter the essential characteristics of the said fruits or vegetables.
17. Services provided by Employees Provident Fund Organisation (EPFO) to persons governed under the Employees Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952).