GST Rates List in India 2017: IGST Meaning, Tax Rate, GST Registration

Hello, If you still have questions about GST like what is GST Rates List? How will GST benefit common people, Do electronics product will get cheaper? , How to register and file for GST. All the GST related query will be solved and rates for every product will be listed in the post.

Before starting the topic I would like to give you a brief about what is GST Bill? GST  is the General Service Taxation (GST) scheme known as the Goods and Services Tax (GST) is an indirect tax throughout India to replace taxes levied by the central and state governments. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services will be taxed at the following rates, 0%, 5%, 12%, 18%, 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold.

GST is said to mainly bring the transparency on the taxes levied on the supply of goods and services. Further, it will improve ease of doing business, boost investor sentiment and lure more foreign investing in coming years. To give you brief below I have made a table in which I have listed the product and how much GST you have to pay for that product.

what is GST

India GST Rate List 2017

GST RateGoodsServices
0 % (No Tax)
Fish, Chicken, Eggs, Butter, Milk,
Curd, Natural honey,Kajal,
Children's' picture, drawing or colouring books ,
vegetables, flour, besan,
bread, prasad,
salt, bindi
Hotels and lodges with tariff below Rs 1,000,
Grandfathering service has been exempted under GST.
5%fish fillet,
packaged food items,
footwear below Rs 500,
cream, skimmed milk powder branded paneer,
frozen vegetables,
coffee, tea, spices,
pizza bread, rusk,
sabudana, kerosene,
coal, medicines,
stent, lifeboats,
Cashew nut, Cashew nut in shell,
Raisin, Ice and snow,
Bio gas,
Insulin, Agarbatti, Kites,
Postage or revenue stamps,
stamp-post marks
Transport services (Railways, air transport),
small restraurants will be under the 5% category because
their main input is petroleum.
12%Apparel above Rs 1000,
frozen meat products , butter,
cheese, ghee,
dry fruits in packaged form,
animal fat, sausage,
fruit juices, Bhutia, namkeen, Ayurvedic medicines,
tooth powder, agarbatti,
colouring books, picture books,
umbrella, sewing machine,
cellphones, Ketchup & Sauces,
All diagnostic kits and reagents,
Exercise books and note books,
Spoons, forks, ladles,
skimmers, cake servers,
fish knives, tongs,
Spectacles, corrective, Playing cards,
chess board,
carom board and other board games.
State-run lotteries, Non-AC hotels,
business class air ticket,
fertilisers, Work Contracts
18%footwear costing more than Rs 500,
Trademarks, goodwill,
software, Bidi Patta,
Biscuits (All catogories),
flavoured refined sugar,
pasta, cornflakes,
pastries and cakes, preserved vegetables, jams,
sauces, soups,
ice cream, instant food mixes,
mineral water, tissues,
envelopes, tampons, note books,
steel products, printed circuits,
camera, speakers and monitors,
Kajal pencil sticks,
Headgear and parts thereof,
Aluminium foil,
Printers [other than multifunction printers],
Electrical Transformer,
CCTV, Optical Fiber,
Bamboo furniture, Swimming pools and
padding pools, Curry paste; mayonnaise and salad dressings;
mixed condiments and mixed seasonings
AC hotels that serve liquor,
telecom services, IT services,
branded garments and
financial services will attract 18 per cent tax under GST,
Room tariffs between
Rs 2,500 and Rs 7,500,
Restaurants inside five-star hotels.
28%Bidis, chewing gum,
molasses, chocolate not
containing cocoa, waffles and wafers
coated with choclate,
pan masala, aerated water,
paint, deodorants,
shaving creams, after shave,
hair shampoo, dye, sunscreen, wallpaper,
ceramic tiles, water heater,
dishwasher, weighing machine,
washing machine, ATM, vending machines,
vacuum cleaner, shavers, hair clippers,
automobiles, motorcycles,
aircraft for personal use
Private-run lotteries
authorised by the states,
hotels with room tariffs above
Rs 7,500, 5-star hotels,
race club betting, cinema

Just a Fact that Most items are under 18% tax slab and 28% is highest that will attract under GST.

gst rates list

Who has to pay GST?

A person who is traders or businessman and has annual sales exceeding Rs 20 Lakh have to pay GST. For the person living in who is a trader or own a business in the Northeastern state and special category state have to pay GST if their total sales exceed Rs 10 Lakh.

Which Products are not the part of GST?

Petrol, Diesel, Crude Oil, Jet fuel, and natural gas right now have been excluded from the GST maybe, later on, there will be some changes and they will also be included. Liquor is also kept out of the GST as a constitutional provision and hence it would require an amendment to the constitution if it is to be brought into the GST system.

How to file a GST return?

Good news for you if you are struggling to file a GST. Before the rollout GST Network today introduced an offline Excel-based format for traders and businesses to upload sales data on the GST portal. In the excel sheet, the businesses would have to give details of the transaction, like supply invoices issued to registered tax payers, export invoice details, consolidated details of supplies to consumers, credit/debit note details to registered/unregistered taxpayers and details of documents issued.

The data in Excel template will then be used by an offline tool, which GSTN will be releasing on July 15. The offline tool will be able to import data from the Excel template and generate JSON (JavaScript Object Notation) file which will have to be uploaded on GST portal, a statement said.

For July, the sale returns will have to be filed by September 5 instead of August 10. Companies will have to file sale invoice for August with the GST Network by September 20 instead of September 10 earlier.The GST Council has decided to give relaxation to businesses for filing return in the initial two months of GST rollout.

Software and online portal to file your GST

  1. Tally.ERP 9 Silver (Single User)
  2. One Solution
  3. GST Coach
  4. Clear Tax GST

Will it be beneficial for the common people of the India?

Yes, it will benefit the common people of India in many ways because what a middle-class person consume there are hardly any changes in those products like Milk, Vegetable and Fruit, Atta, Pulses and much more. There is also a decline in many products that average people of India consume Packed Paneer, Packed Curd, Biscuits, Cold Drinks.

Here is the Image that I found on the Internet and it pretty much sums up everything. If you see the Image the GST benefit to the Middle-Class person will be around 2.60 %. This is very good Tax system and we must appreciate the inputs given by the Government from all these years.

GST tax

Taxes that would be replaced by GST

  • Central Excise Duty
  • Commercial Tax
  • Value Added Tax (VAT)
  • Food Tax
  • Central Sales Tax (CST)
  • Introit
  • Octroi
  • Entertainment Tax
  • Entry Tax
  • Purchase Tax
  • Luxury Tax
  • Advertisement tax
  • Service Tax
  • Customs Duty
  • Surcharges

Yes, you were paying that much taxes but now you have to pay only one tax that is GST. ONE NATION ONE TAX 

What is IGST?

IGST refers to the Integrated Goods and Services Tax which is a part of GST under the concept of one nation one tax. IGST is the tax on interstate supply of goods and services with central and state GST Components.

Features of IGST

  1. It will lower tax burden by taxing Inter-State transaction only once.B2B transactions – tax will flow to the State where Purchaser claims Input Tax Credit.
  2. B2B transactions – tax will flow to the State where Purchaser claims Input Tax Credit.
  3. B2C transactions – tax will flow to the State of Consumer, otherwise, the tax will remain in the State of Seller.

What will be the effect on Imports?

Imports Under GST will be treated as inter-stat supplies and will attract IGST. Exports do not attract any taxes. Taxes paid on raw material and services used in exports of goods and services are refunded to the Business.

Effect of GST on the E-Commerce Sector

A post without discussing E-Commerce seems too incomplete for me. So here I go there will be a benefit to the suppliers and buyers as well under the GST. Electronic commerce or EC is buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. GST has a noticeable impact on each and every sector including E-commerce sector. But before understanding the advantages of GST over E-Commerce first we have to understand that what is TCS?

TCS translates to Tax Collection at Source. The Model Law introduces the concept of Tax Collection at Source (TCS) with an intent to check tax evasion by retailers.  It is proposed that every e-commerce operator collects tax at source out of the amount payable to the supplier of goods and services and such collection is reported to the government.

Additionally, the TCS provision in the current form does not prescribe turnover threshold limit. As a result, applying TCS to sales by overseas sellers and resulting in a situation of refund of taxes is high.

Advantages to GST in E-Commerce Sector

  1. GST will replace 17 indirect taxes which will reduce the cost and provide a common market.
  2. E-commerce will be effectively used in all the states.
  3. There will be no tax evasion by online companies.
  4. Logistics, inventory costs will fall and reduction in the number of warehouses.

How To Register for GST?

If your business falls under the GST category then you can register yourself from this link.  So fill your information carefully and register yourself for the GST.

GST Helpline Number

In case you have any query and if they are not able to resolve your query you can submit your question in the comment section I will try to answer in the shortest time possible.

  • Tax Payers: 0120-4888999
  • Tax Officials: 0124-4479900

One Response

  1. n. raghu July 6, 2017

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