The Central Board of Excise and Customs gave a list of GST rates on everyday items used by the common man
- CBEC releases list of GST rates in context of common man
- Apparels up to Rs 1,000 to attract 5% tax, 12% for those costing more
- Hair oil, soap, toothpaste, footwear above Rs 500 to attract 18% tax
Did our AI summary help?
Let us know.
GST or Goods and Services Tax, the upcoming indirect tax regime slated for a July 1 rollout, is expected to bring a slew of surprises to the common man. Touted as the biggest tax reform since Independence in 1947, GST will subsume all major levies including excise, service tax and VAT or value-added tax. The Central Board of Excise and Customs (CBEC), a part of the Department of Revenue under the Ministry of Finance, has released a list of GST rates - titled "GST for common man" - on everyday items used by the common man. Items such as unbranded atta/maida/besan, unpacked food grains, milk, eggs, curd, lassi, fresh vegetables and contraceptives are among the items exempted from GST, the CBEC said. "81 per cent of items to fall in/below 18 per cent GST slab. Only 19 per cent (about a fifth) of goods will attract GST above 18 per cent," it said.
Here's a list of everyday items as given by the CBEC and the tax rate you will have to shell out once GST kicks in:
Unpacked food grains, gur, milk, eggs, curd, lassi, unpacked paneer, unbranded natural honey fresh, vegetables, unbranded atta, unbranded maida, unbranded besan, prasad, common salt, contraceptives, raw jute, raw silk
Services exempt from GST
Health, education
Goods attracting 5% GST
Sugar, tea, roasted coffee beans, edible oils, skimmed milk powder, milk food for babies, packed paneer, cotton yarn, fabric, brooms of 'sarkanda' (saccharum bengalense), footwear up to Rs 500, newsprint, PDS or public distribution system kerosene, domestic LPG, coal, solar photovoltaic cell & modules, cotton fibre, apparels up to Rs 1,000
Besides, the government also mentioned few items each in the 5, 12, 18 and 28 per cent tax slabs.
12% GST
Butter, ghee, mobile, cashew, almonds, sausages, fruit juice, packed coconut water, agarbatti (incense sticks), umbrella, apparels above Rs 1,000
18% GST
Hair oil, soap, toothpaste, capital goods, industrial intermediaries, pasta, corn flakes, jams, soups, ice cream, toilet/facial tissues, iron/steel, fountain pen, computer, manmade fibres, footwear above Rs 500
28% GST
Consumer durables, cement, chewing gum, custard powder, perfume, shampoo, make-up, fireworks and motorcycle
Here's a list of everyday items as given by the CBEC and the tax rate you will have to shell out once GST kicks in:
Goods exempt from GST#GST For Common Man- Low Prices and High on Happiness.
— CBEC (@CBEC_India) June 7, 2017
Please like, tweet and subscribe for more #GST related updates. pic.twitter.com/6XW0alUXsv
Unpacked food grains, gur, milk, eggs, curd, lassi, unpacked paneer, unbranded natural honey fresh, vegetables, unbranded atta, unbranded maida, unbranded besan, prasad, common salt, contraceptives, raw jute, raw silk
Services exempt from GST
Health, education
Goods attracting 5% GST
Sugar, tea, roasted coffee beans, edible oils, skimmed milk powder, milk food for babies, packed paneer, cotton yarn, fabric, brooms of 'sarkanda' (saccharum bengalense), footwear up to Rs 500, newsprint, PDS or public distribution system kerosene, domestic LPG, coal, solar photovoltaic cell & modules, cotton fibre, apparels up to Rs 1,000
Besides, the government also mentioned few items each in the 5, 12, 18 and 28 per cent tax slabs.
12% GST
Butter, ghee, mobile, cashew, almonds, sausages, fruit juice, packed coconut water, agarbatti (incense sticks), umbrella, apparels above Rs 1,000
18% GST
Hair oil, soap, toothpaste, capital goods, industrial intermediaries, pasta, corn flakes, jams, soups, ice cream, toilet/facial tissues, iron/steel, fountain pen, computer, manmade fibres, footwear above Rs 500
28% GST
Consumer durables, cement, chewing gum, custard powder, perfume, shampoo, make-up, fireworks and motorcycle
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
