GST Rate List 2022 – Full GST Rate List After 47th GST Council Meeting

GST Rate List 2022 – Full GST Rate List After 47th GST Council Meeting – GST rate refers to the percentage rate of tax levied on sale of goods or services under the CGST, SGST and IGST Acts. A business registered under the GST law must issue invoices along with the GST amount on the value of the supply. The GST rates in CGST and SGST (for inter-state transactions) are almost the same. Whereas, in case of IGST, GST rate (for inter-state transactions) is approximately the total sum of the CGST and SGST rate.

The GST slabs are pegged at 5%, 12%, 18% & 28%. According to the GST latest news from the GST council, the tax structure for common-use goods are as under: State Wise Updated New BPL List Pdf All Indian States New BPL List

GST Rate List
GST Rate List

GST Rate List 2022 – Full GST Rate List After 47th GST Council Meeting

Tax GRates Products
0% Milk Kajal
0% Eggs
Educations Services
0% Curd
Health Services
0% Lassi
Children’s Drawing & Colouring Books
0% Unpacked Foodgrains
Unbranded Atta
0% Unpacked Paneer
Unbranded Maida
0% Gur Besan
0% Unbranded Natural Honey Prasad
0% Fresh Vegetables
Palmyra Jaggery
0% Salt
Phool Bhari Jhadoo
5% Sugar Packed Paneer
5% Tea Coal
5% Edible Oils Raisin
5% Domestic LPG
Roasted Coffee Beans
5% PDS Kerosene
Skimmed Milk Powder
5% Cashew Nuts
Footwear (< Rs.500
5% Milk Food for Babies
Apparels (< Rs.1000)
5% Fabric
Coir Mats, Matting & Floor Covering
5% Spices Agarbatti
5% Coal
Mishti/Mithai (Indian Sweets)
5% Life-saving drugs
Coffee (except instant)
12% Butter Computers
12% Ghee
Processed food
12% Almonds Mobiles
12% Fruit Juice
  • Preparations of Vegetables
  • Fruits
  • Nuts or other parts of Plants including Pickle Murabba
  • Chutney, Jam, Jelly
12% Packed Coconut Water Umbrella
18% Hair Oil Capital goods
18% Toothpaste
Industrial Intermediaries
18% Soap Ice-cream
18% Pasta Toiletries
18% Corn Flakes Computers
18% Soups Printers
28% Small cars (+1% or 3% cess)
High-end motorcycles (+15% cess)
28% Consumer durables such as AC and fridge
Beedis are NOT included here
28%
Luxury & sin items like BMWs, cigarettes and aerated drinks (+15% cess)

47th Good And Services Council Meeting : Full List

Description of goods or services Old Rate New Rate
What’s costlier
Cut and Polished diamonds 0.25% 1.50%
Tetra Pack (Aseptic Packaging Paper) 12% 18%
Tar (From coal, or coal gasification plants, or producer gas plants and coke oven plants) 5%/18% 18%
What’s cheaper
Import of tablets called Diethylcarbamazine (DEC) free of cost for National Filariasis Elimination Programme (IGST) 5% Nil
Import of particular defence items by private businesses or suppliers for end-consumption of Defence (IGST) Applicable rates Nil
Ostomy Appliances 12% 5%
Orthopedic appliances such as intraocular lens, artificial parts of the body, splints and other fracture appliances, other appliances which are worn or carried, or body implants, to compensate for a defect or disability 12% 5%
Transport of goods and passengers by ropeways (with ITC of services) 18% 5%
Renting of truck or goods carriage including the fuel cost 18% 12%
*The rates will come into effect from 18th July 2022 subject to CBIC notification

What are GST slab rates?

In India, about 500+ services and over 1300 products fall under the 4 major GST slabs. These include rates of 5%, 12%, 18% and 28%. The GST Council periodically revises the items under each slab rate to adjust them as per the demands of the industry and market trends. The updated structure ensures that essential commodities fall under the lower tax bracket, while luxury products and services have higher GST rates.

GST stands for Goods and Services Tax. Following are the various types of GST.

  • CGST –Central GST
  • SGST –State GST
  • IGST –Integrated GST
Tax Rates Products
0.25% Cut and semi-polished stones are included under this tax slab.
5%
  • Household necessities such as edible oil, sugar, spices, tea, and coffee (except instant) are included.
  • Coal, Mishti/Mithai (Indian Sweets) and Life-saving drugs are also covered under this GST slab.
12% This includes computers and processed food
18% Hair oil, toothpaste and soaps, capital goods and industrial intermediaries are covered in this slab.
28% Luxury items such as small cars, consumer durables like AC and Refrigerators, premium cars, cigarettes and aerated drinks, High-end motorcycles are included here.
  • For More latest Updates and News Visit Official Website Of GST Council of India – Click here 

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