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GST Rates & HSN Codes – Know about all GST Tax Rates & SAC Codes in India for 2018

GST Rate revision in 28th GST council meeting

Recent Rate Changes on Goods

GOODS
S.NO Items New Rate Old rate
1 Rakhi (other than that of precious or semi-precious material ) Nil 18%
2 Sanitary Napkins Nil 12%
3 Circulation and commemorative coins Nil 5%
4 Raw material for broom Nil 12%
5 Stone/Marble/Wood Deities Nil 5%
6 Sal leaves and its products Nil 18%
7 Khali dona Nil 18%
8 Coir pith Compost Nil 5%
9 Chenille fabrics and other fabrcis under 5801 5% 12%
10 Handloom dari 5% 12%
11 Phosphoric Acid (fertilizer grade only) 5% 12%
12 Handmade Carpets, Textile Floor, Coverings 5% 12%
13 Knitted cap/topi having retails sale value exceeding Rs. 1000 5% 12%
14 Kota Stones and Simliar Stones (other than polished) 5% 18%
15 Ethanol for sale to oil marketing companies for blending with fuel 5% 18%
16 Solid Bio fuel pellets 5% 18%
17 Marine Engine 5% 28%
18 Bamboo Flooring 12% 18%
19 Hand Operated Rubber Roller 12% 18%
20 Brass Kerosene Pressure Stove 12% 18%
21 Zip and Slide Fastener 12% 18%
22 Handicrafts (Excluding handmade) 12% 18%
23 Handbags including pouches and purses; jewellery box 12% 18%
24 Fuel Cell vehicle 12% 28%
25 Televisions upto 68 cm 18% 28%
26 Glaziers’ putty, grafting putty, resin cements 18% 28%
27 Refrigerators, freezers, water cooler, milk coolers, ice cream freezer 18% 28%
28 Washing Machines 18% 28%
29 Food Grinders & mixer 18% 28%
30 Vacuum Cleaners 18% 28%
31 Paints and Varnishes (including enamels and lacquers) 18% 28%
32 Shavers, Hair Clippers 18% 28%
33 Hair Cleaners 18% 28%
34 Storage water heaters 18% 28%
35 Immersion heaters 18% 28%
36 Hair Dryers, Hand Dryers 18% 28%
37 Electric Smoothing irons 18% 28%
38 Scent Sprays 18% 28%
39 Toilet Sprays 18% 28%
40 Pads for application of cosmetics or toilet preparations 18% 28%
41 Lithium-ion batteries 18% 28%
42 Powder Puffs 18% 28%
43 Special purpose motor vehicles 18% 28%
44 Work Trucks (Self-propelled, not fitted with lifting or handling equipment) 18% 28%
45 Trailers & Semi trailers 18% 28%

 

List of Goods Exempt
Fortified Milk exempt 5%

Recent Rate Changes on Services

SERVICES
Rate Change
Services New Rates Old Rates
Supply of e-books 5% 18%
Supply of Multimodal Transportation 12%

Nil

GST Rates Structure

Tax Rates Products
0% Milk Kajal
0% Eggs
Educations Services
0% Curd
Health Services
0% Lassi
Children’s Drawing & Colouring Books
0% Unpacked Foodgrains
Unbranded Atta
0% Unpacked Paneer
Unbranded Maida
0% Gur Besan
0% Unbranded Natural Honey Prasad
0% Fresh Vegetables
Palmyra Jaggery
0% Salt
Phool Bhari Jhadoo
5% Sugar Packed Paneer
5% Tea Coal
5% Edible Oils Raisin
5% Domestic LPG
Roasted Coffee Beans
5% PDS Kerosene
Skimmed Milk Powder
5% Cashew Nuts
Footwear (< Rs.500)
5% Milk Food for Babies
Apparels (< Rs.1000)
5% Fabric
Coir Mats, Matting & Floor Covering
5% Spices Agarbatti
5% Coal
Mishti/Mithai (Indian Sweets)
5% Life-saving drugs
Coffee (except instant)
12% Butter Computers
12% Ghee
Processed food
12% Almonds Mobiles
12% Fruit Juice
Preparations of Vegetables, Fruits, Nuts or other parts
of Plants including Pickle Murabba, Chutney, Jam, Jelly
12% Packed Coconut Water Umbrella
18% Hair Oil Capital goods
18% Toothpaste
Industrial Intermediaries
18% Soap Ice-cream
18% Pasta Toiletries
18% Corn Flakes Computers
18% Soups Printers
28% Small cars (+1% or 3% cess)
High-end motorcycles (+15% cess)
28% Consumer durables such as AC and fridge
Beedis are NOT included here
28%
Luxury & sin items like BMWs, cigarettes
and aerated drinks (+15% cess)

Goods of Slab Rate ….

5% Tax slab

  • Sugar, Tea, Coffee and Edible oil will fall under the 5 per cent slab, while cereals, milk will be part of the exempt list under GST. This is to ensure that basic goods are available at affordable prices. However, instant food has been kept outside this bracket so, no relief for Maggie lovers!
  • Coal to be taxed at 5 percent against current 11.69 percent. This will prove beneficial for the power sector and heavy industries which rely on coal supply. This will also help curb inflation. Expect a good run for Coal India tomorrow.
  • The ‘mithai’ from the neighbouring sweet shop might lose some of its flavor as Indian sweets will now be taxable at 5 per cent. If you have a sweet tooth, this could hurt your pocket a wee bit in the coming days.

18% Tax slab

  • Toothpaste, hair oil, and soaps will all be taxed at 18 percent, where currently they are taxed at 28 percent. Most of the cosmetics and fast moving consumer goods (FMCG) brands should get the benefit of this tax reduction. After all, Fair and Lovely might seem fairer in its pricing from now on!
  • The Council has set the rate for capital goods and industrial intermediate items at 18 per cent. This will positively impact domestic manufacturers as seamless input credit will be available for all capital goods. Indeed, it is time for “Make In India”.

GST Rates on Services

  • for restaurants serving alcohol, the tax bracket will be 18 per cent
  • education, healthcare are going to be exempted from GST
  • services on Non-AC restaurants will be 12 per cent
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