GST Rates: How GST Influence Prices Of Goods, Finish List Of Items And Their Goods And Services Tax

GST Rates: How GST Influence Prices Of Goods, Finish List Of Items And Their Goods And Services Tax

Goods and Services Tax (GST): At the stroke of the midnight hour, India launched its ambitious pan-India indirect tax regime, the Goods and Services Tax (GST) to tie the country into a regime of ‘one nation, one tax, one market’. The fresh tax regime, the Goods and Services Tax (GST) brings massive switches in one of the largest economies of the world. The GST will switch the way people conduct businesses in India as the country will become a single market with a single tax rate, irrespective of the state you conduct your business in. Barring a few exemptions, from the smallest entity on the economic food chain to multi-billion conglomerates, no one will stay untouched by the GST. The effect of the fresh tax regime will be proportional to the size of the entity but ultimately it will be the end user who will bear the brunt of higher tax rate or get the benefits of lower taxes.

For example, most of the services, for which we pay fifteen per cent service tax, will be bracketed into eighteen per cent tax slab but some will also get cheaper with five per cent tax slab. Either way, it will take a while to understand how much tax we are paying on a particular product or service. To make your transition lighter, we have compiled an item-wise list of a plethora of products and their corresponding tax rates.

What is GST, GST Rates, its influence and what it means for India

Accomplish list of GST rates for all the items:

Influence of GST on Food items

Unpacked foodgrains, fresh vegetables and fruits, unbranded atta, maida, besan, gur, milk, eggs, curd, lassi, unpacked paneer, unbranded natural honey, palmyra jaggery, salt, fresh meat, fish, chicken, butter milk, cereal grains hulled

Sugar, tea, roasted coffee beans, edible oils, fluid, skimmed milk powder, milk food for babies, packed paneer, frozen vegetables, cashew nuts, spices, pizza bread, rusk, sabudana, Raisin, fish fillet, packaged food items

Butter, ghee, almonds, fruit juice, packed coconut water, preparations of vegetables, fruits, nuts or other parts of plants including pickle, murabba, chutney, jam, jelly, bhujia, namkeen, fruit juices, frozen meat products, dry fruits in packaged form, animal fat and sausage

Biscuits (all categories), flavoured refined sugar, pastries and cakes, preserved vegetables, soups, ice juice, instant food mixes, pasta, corn flakes, curry paste, mayonnaise and salad dressings, mixed condiments and mixed seasonings

Chewing gum, molasses, chocolate not containing cocoa, waffles and wafers decorated with chocolate

Influence of GST on Apparels/Footwear

Footwear (upto Rs 500), apparels (upto Rs 1,000)

Apparel above Rs 1000

Footwear costing more than Rs 500, branded garments, headgear and parts thereof

Influence of GST on most used services

Education services, health services, hotels and lodges with tariff below Rs 1,000, grandfathering service. Rough precious and semi-precious stones (0.25 per cent)

Transport services (Railways, air transport)

State-run lotteries, non-AC restaurants, business class air ticket, fertilisers, work contracts

AC hotels that serve liquor, telecom services, IT services, financial services, room tariffs inbetween Rs Two,500 and Rs 7,500, restaurants inwards five-star hotels, movie tickets below Rs 100

Private-run lotteries authorised by the states, hotels with room tariffs above Rs 7,500, 5-star hotels, race club betting, movie tickets above Rs one hundred

Influence of GST on Private care products

Kajal, sindoor, bindi, bangles, five per cent

Toothpaste, soap, toiletries, tampons, kajal pencil jams, hair oil, tissues

Deodorants, pruning creams, after trim, hair shampoo, dye, sunscreen, shavers, hair clippers

Influence of GST on household items

Prasad, phool bhari jhadoo

Agarbatti, domestic LPG, bio gas, coir mats, matting and floor covering

Umbrella, sewing machine, spoons, forks, ladles, skimmers, cake servers, fish knives, tongs

Paint, wallpaper, ceramic tiles, water heater, dishwasher, washing machine, vacuum cleaner

Influence of GST on Health/aids

Medicines, stent, insulin, Braille paper, Braille typewriters, Braille sees, hearing aids and other appliances to compensate for a defect or disability

Ayurvedic medicines, all diagnostic kits and reagents, glasses for corrective spectacles and flint buttons

How will GST affect prices of electronic devices

Computers, printers, printed circuits, camera, speakers and monitors, Electrical Transformer, CCTV, Optical Fiber

Influence of GST on stationary

Children’s drawing and colouring books, printed books, newspapers, stamps, judicial papers

Postage or revenue stamps, stamp-post marks, first-day covers

Exercise books and note books


Jute, bones and horn cores, bone grist, bone meal, hoof meal, horn meal, Human hair

PDS Kerosene, coal, lifeboats, ice and snow, kites

Playing cards, chess board, carom board, ludo and other board games

Bidi Patta, mineral water, tissues, envelopes, steel products, Aluminium foil, weighing Machinery (non-electrical or electronic), bamboo furniture, swimming pools and padding pools

Automobiles, motorcycles, aircraft for private use, bidis, pan masala, aerated water, weighing machine, ATM, vending machines

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