Levy and Charges of GST

In India, there is wide socio-economic gap and it would not be feasible to levy same rate of tax for necessary items like milk and luxury items like BMW Cars. Therefore, it was critical to set different rates for different class of items.

There are four slabs fixed for GST Rates – 5%, 12%, 18% and 28%.

Items exempted under GST:

Milk, eggs, curd, buttermilk, Fresh vegetables and fruits, Un-branded wheat and rice, un-branded flour, Puja Items

Items under 5% 

Frozen Vegetables and fruits, branded wheat and rice, branded flour, hand-made safety matches, cotton, cotton fabrics, Footwear below Rs.500

Items under 12% 

Butter, Cheese, Dry fruits, mobile phones, ayurvedic products

Items under 18% 

Biddi wrapper leaves, biscuits, footwear exceeding Rs. 500, man-made fibre, hair oil, soap, toothpaste

Items under 28%

Biris, LED TV, AC, Cars, tobacco products, cement

Note: GST Rate Subject to Change TIMT to TIME