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:Â State Wise Updated New BPL List Pdf All Indian States New BPL 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 |
|
| 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% |
|
| 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 hereÂ
