List of GST Tax Rates 2018 | Updated GST Tax Slab in India May
GST Rate in India: Here are the tax rates for all goods and services. GST Rates in India 2018 (Item Wise GST List PDF) GST tax slabs range from 0% (Nil ) to 31%. ✓ Tax Exemptions under GST 2018 ✓ GST Bill ✓ Goods and Services tax ✓ Act ✓ GST calculator ✓ GST Features.
Last Updated as on 20 Feb 2018: GST rules set to be simplified further. GST Council likely to make compliance easier, revamp tax returns filing process soon council takes it up on 1 March for approval.
In New GST Changes, 28% Tax Only For 50 Items Now: Daily use items like shampoo, deodorant, toothpaste, shaving-cream, aftershave lotion, shoe polish, chocolate, chewing gums and nutritious drinks would become cheaper. Lowering tax rates on food served in air-conditioned restaurants to 12 per cent, down from 18 per cent.
- Service providers with turnover up to Rs.20 lakh need not register even if making interstate supplies.
- More time for filling returns for those under composition scheme.
- Refunds to be released every month
- E-wallet facility by APR
- No Tax on duty free scrips
- Merchant exporters need to pay 0.1% tax on domestic goods procurement.
- E-way bill to be rolled out from 1 April, 2018
- A committee to review the levy on restaurants.
GST Tax Slab Rates List 2018: 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). Category wise products GST Rates List updated (Click Here).
Updated New GST Rates as on 4 May 2018
| Items | OLD Tax Rate | NEW Tax Rate |
| Second-hand medium and large cars and SUVs | 28% | 18% |
| LPG supply for household domestic consumers by private LPG distributers | 18% | 5% |
| Bio Fuels Powered buses | 28% | 18% |
| Sugar boiled confectionery | 18% | 12% |
| Drinking water packed in 20 litre bottle | 18% | 12% |
| Drip irrigation system | 18% | 12% |
| Cigarette filter rods | 12% | 18% |
| Tailoring Service | 18% | 5% |
| The admission to Theme parks, water parks etc. | 28% | 18% |
GST Rates as May 2018
The GST council on Friday announced major cuts in taxes of 27 items along with a slew of relief measures to support exporters and small businesses. Here are some items that are set to get cheaper under GST:
| Description | Present GST Rate | New GST Rate |
| Mangoes sliced dried | 12% | 5% |
| Khakra & plain chapati / roti | 12% | 5% |
| Packaged Food | 18% | 5% |
| Namkeens | 12% | 5% |
| Ayurvedic, Unani, Siddha, Homeopathy medicines | 12% | 5% |
| Poster Color | 28% | 18% |
| Modelling Paste for children amusement | 28% | 18% |
| Plastic Waste, Pairing & Scraps | 18% | 5% |
| Rubber Waste, Paring & Scrap | 18% | 5% |
| Hard Rubber Waste | 28% | 5% |
| Paper Waste & Scrap | 12% | 5% |
| Duty Credit scrips | 5% | Nil |
| Sewing thread of manmade filaments | 18% | 12% |
| All synthetic filament yarn, such as nylon, polyester, acrylic | 18% | 12% |
| All artificial filament yarn, such as viscose rayon, cuprammonium | 18% | 12% |
| Sewing thread for manmade staple fibres | 18% | 12% |
| Yarn of manmade staple fibres | 18% | 12% |
| Real Zari | 12% | 5% |
| Floor Tiles | 28% | 18% |
| Cullet or other waste of glass | 18% | 5% |
| Fittings for loose leaf binders, or files, letter clips, letter corners, paper clips, staple in strips, | 28% | 18% |
| Plain shaft bearing 8483 | 28% | 18% |
| parts suitable for use solely or principally with fixed speed diesel engine of power not exceeding 15HP | 28% | 18% |
| parts for Pumps | 28% | 18% |
| E-waste | 28% / 18% | 5% |
| Biomass briquettes | 18% | 5% |
Firms face ban for not passing on GST gains. HIGHLIGHTS = (1) The cancellation of registration is in addition to the power to levy penalty, (2) Tax practitioners said that cancellation of registration is too harsh, (3) The tax regime will get a mega launch on the night of June 30.
Update of 19 June 2017: GST Council relaxes filing norms for 2 months – GST Council has announced the relaxation of 2 months for filing GST returns by the taxpayers. It means no late fees will be charged till September, 2017 from the taxpayers who going to fill GST.
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
- Services by Government or a local authority excluding the following services—
- 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.
- Services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport.
- Transport of goods or passengers.
- Any service, other than services covered under clauses (i) to (iii) above, provided to business entities.
- Services by the Reserve Bank of India.
- Services by a foreign diplomatic mission located in India.
- 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.
- Service by way of access to a road or a bridge on payment of toll charges.
- Transmission or distribution of electricity by an electricity transmission or distribution utility.
- Services by way of renting of residential dwelling for use as residence.
- Services by a veterinary clinic in relation to health care of animals or birds.
- 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.
- Services provided by a tour operator to a foreign tourist in relation to a tour conducted wholly outside India.
- Services by way of public conveniences such as provision of facilities of bathroom, washrooms, lavatories, urinal or toilets.
- 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.
- Services provided by Employees Provident Fund Organisation (EPFO) to persons governed under the Employees Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952).
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