GST Rates Comparison Chart – Existing Rates Vs New GST Rates 2017

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GST Rates Comparison Chart – Existing Rates Vs New GST Rates 2017. GST Council issued GST Rates Schedule on 18th May and 19th May 2017. Here you may find Comparison Chart Between GST Rates & Existing Rates on Various Sectors (Please Note – Existing Rates are based on Maharastra VAT, may vary from state to state). The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded. immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes.

The government categorised 1211 items under various tax slabs. Here is a low-down on the tax slab these items would attract: 81% of the items will fall up to 18% rate slabs. Means 19% of the goods to be taxed @28%. The standard slab of 12% & 18% would be applicable to 60% items..Now check more details form below….

GST Rates Comparison Chart

GST Rates Comparison Chart – Existing Rates Vs New GST Rates 2017

GST Rates Comparison Chart on Services

Please Note – Existing Rates are based on Maharastra VAT, may vary from state to state

Name of ITEM  GST Rate(%) Existing Rate(%)
Telecom 18 15
Works contracts 12 15
Non AC/alcohol-serving restaurants 12 13-14
AC, alcohol-serving restaurants 18 22
Five-star restaurants 28 18

GST Rates Comparison Chart on Constructions

Please Note – Existing Rates are based on Maharastra VAT, may vary from state to state

Name of ITEM GST Rate(%) Existing Rate(%)
Cement 28 30
Wall paper 28 18.5
Paints and varnishes 28 26
Putty, wall fillings 28 26
Plaster 28 26
Ceramic tiles 28 26
Tempered glass 28 26
Sand lime bricks, fly ash bricks 5 6

GST Rates Comparison Chart on Metals & Minerals

Please Note – Existing Rates are based on Maharastra VAT, may vary from state to state

Name of ITEM GST Rate(%) Existing Rate(%)
Peat 5 19.5
All ores and concentrates 5 18.5
Kerosene PDS 5 17
Petroleum coke, petroleum bitumen 18 27.5
Tar 5 12
Coal 5 12
Lignite 5 12
Copper bars, rods, wires 18 18.5
Copper screws, nuts, bolts 18 18.5
Nickel bars, rods, wires 18 18.5
Nickel screw, nuts, bolts 18 18.5
Nickel tubes, pipes, netting 18 18.5
Aluminium ingots, rods, wires 18 18.5
Lead plates, sheets, strips 18 18.5
Zinc goods 18 18.5
Tin bars, rods 18 18.5

GST Rates Comparison Chart on Lifestyle and Home

Please Note – Existing Rates are based on Maharastra VAT, may vary from state to state

Name of ITEM  GST Rate(%) Existing Rate(%)
Leather bags 28 6
Cell phones 18 6
Yachts 28 18.5
Air conditioners 28 26
Refrigerators 28 26
Storage water heaters 28 26
Dish washing machines 28 26
Printer, photocopier, fax machines 28 26
Wristwatches 28 26
Furniture 28 26
Video game consoles 28 26
Exercise equipment 28 26
Sports goods 12 18.5
Bicycles 12 18.5
Spectacle lens 12 18.5
Whey proteins & fitness supplements 18 26
Hats and other headgears 18 26
Steel utensils 5 18.5

GST Rates Comparison Chart on Consumer Goods

Please Note – Existing Rates are based on Maharastra VAT, may vary from state to state

ITEM GST Rate (%) Existing Rate(%)
Aluminium Foil 28 18.5
Agarbatti 12 0
Preserved Vegetables 18 0
Butter, ghee, cheese 12 6
Dry fruits 12 6
Jams, jellies 18 12
Frozen meal 12 6
Branded paneer 5 0
Branded cereals 5 0
Cocoa butter, oils chocolates 28 26
Instant, aroma coffee 28 26
Coffee concentrates, custard powder 28 26
Protein concentrates, sugar syrups 28 26
Razors 28 26
Dental floss 28 26
Toothpaste 28 26
Deodorants 28 26
Aftershave 28 26
Shaving cream 28 26
Cereals 0 0
Puffed, rice, papad, bread Exempt 0
Aquatic/poultry/cattle feed Exempt 0
Salt Exempt 0
Soyabean, groundnut, sunflower, seeds 5 6
Infant use preparations 18 19.5
Pasta, corn flakes, and cakes 18 19.5
Coffee, tea 5 6
Frozen vegetables 5 6
Condensed milk 18 18.5
Toilet paper 18 18.5
Hot water bottles 18 18.5
Petroleum jelly, paraffin wax 18 20
Pencil sharpeners, knives 12 18.5
Meats & fish preparations 12 18.5
Sweetmeats 5 12
Bakery mixes, dough’s, pizza bread 5 12
Vegetable fats & oils 5 12
Tea concentrates, sauces, soups 5 12
Ice cream, instant food mixes, sherbet 18 26
Refined sugar 18 26
Soap 18 26
Dentrifices – toothpaste 18 26
Hair oil 18 26
Handmade safety matches 5 18.5
Broomsticks 5 18
Candles 12 26
Tooth powder 12 26
Led lights 12 26
Milk beverages 12 26
Ready to eat namkeen/bhujiya 12 26
Beet sugar, cane sugar 5 26

GST Rates Comparison Chart on Others

Please Note – Existing Rates are based on Maharastra VAT, may vary from state to state

Name of ITEM  GST Rate (%) Existing Rate (%)
tyres 28 18.5
Steam 12 0
Children’s drawing books 12 0
Plastic products 28 18.5
Calcerous stone 28 18.5
Artists’, students’ or signboard colours 28 18.5
Nuclear fuel 5 0
Heavy water and other nuclear fuels 5 0
Compressed air 5 0
Solar water heater 5 0
Renewable energy devices 5 0
Braille typewriters 18 13.5
Pianos 28 26
Revolvers 28 26
Artificial Flowers 28 26
Bangles (Non-Precious Metals) EXEMPT 0
Fountain pen ink, ball pen ink 12 12
Wood pulp 12 12
Printed books 0 0
Calendars 12 12
Animal or human blood vaccines 5 6
Power driven water pumps 12 12.5
Padlocks, locks 18 18.5
Helmets 18 18.5
Plastic Products 28 18.5
Fertilizers 12 18.5
Tractors 12 18.5
Sewing/knitting needles 12 18.5
Agricultural implements 0 12.5
Firewood 0 12.5
Geometry boxes 5 18.5

 

On our website we have provided all the details of GST Act and GST Sections 2017. We hope that our article will be helpful for you to understand the GST Act 2017.

 

Check Also:

Section 110 of GST – President and Members of Appellate Tribunal

Section 22 of IGST – Power to make rules

GST Software: Features of GST Software, Best GST Software 2017

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