The following is a summary of the GST Tax Rates that are broadly classified into 4 slabs..!
Tax Rates Slab | List of Products |
5% | Edible Oil, sugar, spices, tea, coffee (except instant) |
Coal (instead of current 11.69%) | |
Sweets/Mishti/Mithai (Indian Sweets) | |
Life-saving drugs | |
12% | Computers, Processed food |
18% | Toothpaste, Hair oil and Soaps (currently at 28%) |
Capital goods and Industrial intermediaries (big support to the Local industries) | |
28% | Small Cars (+1% or 3% cess) |
Consumer Electronics durables such as AC and fridge, Washing machines | |
Luxury & special SIN items like BMWs, cigarettes and aerated drinks (+15% cess) | |
High-end topclass motorcycles (+15% cess) | |
Beedis/chutta’s are NOT included here |
For more about the GST rates , please click on the following links has list of the applicable GST rates on goods and services.
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