UPDATED GST TAX SLAB RATE 2018

As per the 25th council meeting held on 18 January 2018 here are some new updated in gst tax slab explained below:
http://www.ssstp.com

DOWNLOAD THE PDF NOTIFICATION FROM HERE: 

Some key points are listed below about the tax slabs here:


  • E-way bill has been approved and will be implemented on October 1.
  • Taxtile industry GST rate reduced to 5% from 18%.
  • Reduction in GST rate of tractor parts from 28% to 18%.
  • GST rate for contracts of central govt. reduced to 12% from 15%.
  • FIFA under 17 world cup is exempted from GST.
  • GST rate for post harvest and storage agriculture services reduced to 12% from 18%.
  • GST on cab renting services will be 12% without ITC and 5% with ITC.
Here is list of goods and services come under GST new tax slabs:

COMPLETE GST SLABS 2017 IN PDF FORMAT:



ZERO % SLAB RATE DETAILS:


GOODSNo tax will be imposed on items such as fresh meat, milk, fish, curd, buttermilk, paneer, eggs, honey, Live trees, Duty credit scrips, potatoes, tomatoes, onions, garlic, dry vegetable, Coconuts, fresh fruits, oats, maize, rice, Bread, normal water, salt, human blood electric energy, postal items, newspapers, jute fibres, hand tools like axes, spades, etc., hand loom, hearing aids, chalk, Slates, puja samagri, human hair, flour, and stamps.

SERVICES: No tax will be imposed on items such as fresh meat, milk, fish, curd, buttermilk, paneer, eggs, honey, Live trees, Duty credit scrips, potatoes, tomatoes, onions, garlic, dry vegetable, Coconuts, fresh fruits, oats, maize, rice, Bread, normal water, salt, human blood electric energy, postal items, newspapers, jute fibres, hand tools like axes, spades, etc., hand loom, hearing aids, chalk, Slates, puja samagri, human hair, flour, and stamps.

5% SLAB RATE DETAILS:


 GOODS:The items under 5% tax rate includes fish fillets, UHT milk, cream, yoghurt, whey, branded paneer, branded honey, dry plant, frozen vegetables, mango sliced dried, Khakra, plain chapati, unbranded namkeen, sweet potatoes, cashew nuts, dry fruits, nuts, coffee, tea, vanilla, unbranded ayurvedic, Unani and Siddha medicines, Real Zari, plastic waste, rubber waste, hard Rubber, paper waste, parings or scrap, sunflower seeds, Cullet or other waste or scrap of Glass, biomass briquettes, E-Waste, natural gums, oils, cane sugar, pizza bread, biogas, coal, insulin, agarbatti, cotton, articles of apparel under the price of 1000 rs. Per piece, building bricks, solar water heater, artificial kidney, footwear below 500 rs.

SERVICES: Transport of passenger by rail or air, selling space in print media, tour services, transport of goods by rail, jobs in textile industry.

12% SLAB RATE DETAILS:


Goods:
12% tax rate will be levied on items like live horses, meats put in unit containers, cheese, starches, wool grease, butter, ghee, apparels above 1000rs, playing cards, skimmers, picture books, namkeen, fruit juices, sausage, preserved fish, preserved vegetables, jams, bhujia, adhesive plasters, fountain and ball pen ink, tooth powder, candles, umbrella, swing machines, chess board, cellphones, paper and paperboard, greeting cards, Sewing thread of manmade filaments, All synthetic and artificial filament yarn, Sewing thread and Yarn of manmade staple fibres, calendar, kitchen and other household items, spoons, bicycle pumps, LED lamps, contact lens, toys.
Services:
Accommodation in hotel and restaurants having room tariff between 1000 to 2500, construction of complex, building.

18% SLAB RATE DETAILS:

Goods:
Items such as bidi wrapper leaves, malt, vegetable extracts, poster colour, degras, modelling paste for children amusement, sugar cubes, pasta, noodles, corn flakes, prepared foods from cereal flakes, biscuit, pastries, cakes, soups, ice cream, soft drink, vinegar, some parts of pumps, some diesel engine parts, plain shaft bearing 8483, stones used in flooring other than marble and granite, stationary items like clips, organic chemicals other than gibberellic acid, printing ink, hair oils, toothpaste, matches, wood tar, tubes, pipes.
Services:
Supply of food/drinks in liquor registered hotels, accommodation in hotels where room tariff is above 2500 and below 7500 per day.

28% SLAB RATE DETAILS:

Goods:
This includes chocolates, pan masala, marble, cement, paints, perfumes, skin care products, furniture, suitcases, plywood, wigs, air or vacuum pumps, AC, freeze, water heater, printers, washing machines, vacuum cleaners.
Services:
Accommodation in 5 star hotels and guest houses where room rent is 7500 and above, admission in drama, circus, classical dance, gambling, race club and cinema services.



GST EFFECTS ON SME(SMALL BUSINESS ENTERPRISES)

GST RATE CUT: REVISED GST RATES FULL LIST

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