GST Rate in India, GST Rates in India 2017 (Item Wise GST List in PDF). GST Rates are finalised and here below we provide list of all GST Rates on Goods & Services Applicable from July 1st, 2017.Download GST Rates 2017 in PDF Format, We finally have the GST rates out and a near certainty of implementation with effect from 1st July, GST Item Wise list available in PDF format for Download. GST Tax Rate in India. GST Rates Finalised, GST Rate Slabs 5%, 12%, 18% & 28%. Combined GST rate is being discussed by the Government. After the total GST rate is arrived the centre and state will decide on the CGST and SGST rate. Here you may check gst rates in india item wise in pdf format or gst tax rate list 2017 as approved by GST Council in various meetings.
GST is applicable from 1st July 2017 so Recently GST Rates are Decided by GST Council on various Meetings, Now GST Rates are finalised on 19th May 2017 and amended in 11-06-2017 & 18-06-2017 meetings by CGST Council..Recently GST Council Decide 4 GST Rates Slabs for India, i.e GST Rates in India is 5%, 12%, 18% & 28%. Union and state finance officials met for two days in New Delhi to resolve their differences over the rates as well as the administration of the tax.
As soon as the GST rates were announced a huge wave of curiosity hit across industry and trade bodies. Everyone is evaluating their position as a result of this change. So in this article, we bring you our analysis of these GST rates.
We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. According to the latest news from the GST council, the tax structure for common-use goods are as under:
GST Rates Structure
Children’s Drawing & Colouring Books
Unbranded Natural Honey
Phool Bhari Jhadoo
Roasted Coffee Beans
Skimmed Milk Powder
Footwear (< Rs.500)
Milk Food for Babies
Apparels (< Rs.1000)
Coir Mats, Matting & Floor Covering
Mishti/Mithai (Indian Sweets)
Coffee (except instant)
Preparations of Vegetables, Fruits, Nuts or other parts of Plants including Pickle Murabba, Chutney, Jam, Jelly
Packed Coconut Water
Small cars (+1% or 3% cess)
High-end motorcycles (+15% cess)
Consumer durables such as AC and fridge
Beedis are NOT included here
Luxury & sin items like BMWs, cigarettes and aerated drinks (+15% cess)
In addition to the above, a few other items were mentioned in the Council’s announcement of rates. These items, and the applicable rates on them are as follows: