Tax Rates Before And After GST
Rates for most items and services under the Goods and Services Tax have been finalised in the two-day meeting of the GST Council that ended on Friday. While the rates on key daily use items like sugar, tea and hair oil have come down, they have been increased for luxury and sin products. Eating out in a five-star restaurant will be taxed at the highest bracket.
BloombergQuint, in collaboration with tax consultancy SKP Business Consulting LLP, breaks down how the rates under GST compare with the current tax structure. The calculations took into account Maharashtra VAT, which means existing rates may vary for other states. Here's the list...
Toothpaste, Branded Cereals May Cost More
Also Read: What Is GST? Why Should You Care?
Rates Up For Mobile Phones, Refrigerators
Shampoos, Perfumes May Cost More
Also Read: GST: Five-Star Hotels And Gold-Class Movie Experiences Get Pricier
Higher Rate On Electric Hot Plates
Wallpaper, Paints In Highest Slab
Fresh Milk, Vegetables Exempt
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Also Read: GST Rates On Services: Telecom Industry Disappointed
No Tax On Condoms
Lower Tax On Kerosene
Plastic Products To Cost More
Eating Out, Phone Calls Costlier
Also Read: Come GST, Which Services Will Burn A Bigger Hole In Your Pocket?
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