Some goods and services are exempted from GST, which means they attract a GST rate of 0%. This includes essential items like fresh fruits and vegetables, milk, books, etc.
This is a lower rate applicable to a variety of goods and services, including certain essential items like medicines, some food items, transportation services, etc.
This applies to items like frozen meat products, cell phones, sewing machines, etc., and certain services like restaurant services.
This is applicable to a wide range of goods and services, including items like footwear, air conditioners, cameras, and services like hotel accommodation for room tariffs between ₹1,000 and ₹7,500 per night.
This is the highest rate of GST and applies to luxury goods and services like automobiles, high-end electronics, cigarettes, and certain services like five-star hotel accommodation.
There are also special rates for specific items. For example, there’s a rate of 0.25% on rough precious and semi-precious stones, and a rate of 3% on gold.
In addition to the above rates, certain luxury and sin goods may attract a compensation cess, which is an additional tax over and above the 28% GST. This is primarily applicable to items like tobacco products, aerated drinks, and cars.
It’s important to note that GST rates and policies may be subject to change, and there might be specific exemptions, notifications, or changes made by the GST Council or the government. Therefore, for the most up-to-date and specific information on GST rates for particular goods or services, it’s recommended to refer to official notifications or consult a tax professional.