Ever Since Goods and Service Tax or GST was announced, there has been a huge conjecture about the GST rates group. GST council decides the rate slabs and has been periodically revising the GST list for each tax slab rates. It’s clear that the Indian government’s intentions are to have a lower tax rate for goods and services which are important needs and higher Indian GST Rates that are considered as luxury goods.

Goods and Services Tax is a consumption tax charged in India on several kinds of products and services. In the process of production, it is charged at each and every step. But this tax is compensated to all the parties in the chain of production rather than the last buyer. It is divided into 7 tax rate slabs for the collection of tax. All the tax rate slabs have given below in the GST Rates India List:-

GST Rates in India on Products

Products GST Rate Farm produced items like milk, fruits, cereals, food grains, rice, wheat & jaggery NIL Common use food items like tea, spices, sugar, coffee, mustard oils, vegetable NIL Diamonds and precious stones 0.25% Gold and silver 3% Fertilizers and biogas 5% Railway freight 5% Footwear up to Rs. 500 5% Processed foods 12% Mobile Phones 12% Readymade garments 12% Manmade fibre and yarn 18% Buses which run on biofuels 18% AC, refrigerator, TV, microwave, soft drinks, beverages 18% Small cars- petrol driven 28%+1% cess Cigarettes 28%+ 5%cess Private jets, heavy bikes, luxury yachts 31%

GST Rates India on Services

Services GST Rate Seasonal passes, metro tickets, and sleeper NIL Outsourcing in industries like textiles, gems, and jewelry 5% Railways 5% Hotels with tariff Rs. 1000 to 2,500 12% Airlines (business class) 12% Hotels with tariff above 7,500 18% Movie tickets below Rs. 100 18% Movie tickets above Rs. 100 28% 5-star hotels 28% State authorized lotteries 28%

Now let’s explore the Use of GST Calculator in India

GST Calculator has completely made Goods and services tax calculation simple for businesses. It gives instant and accurate results hence saving a huge amount of time. All you need to do is, only enter the entire amount of a service or product and goods and services tax in the required fields. After that, click on the “Calculate” button and you’ll get the actual price of service/item.

To collect the accurate list of GST Rates India, you can consult with us as we provide import export data services worldwide since 2009. Apart from this, if you are about to find US Trade Data Online of any goods/products, kindly go through with US Trade Data. Kunal Kashyap (SEAIR Exim Solutions)