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GST Council finalises rates ; Here’s a list of products

GST Council finalises rates ; Here’s a list of products

Here’s a list of products that will become expensive and cheaper

  • Small cars will be charged 1 percent cess on top of 28 percent tax
  • Mid-sized and luxury cars will attract cess of 15 percent on top of the peak rate
  • Aerated drinks have been put in the 28 percent bracket along with a cess of 12 percent
  • Pizza bread, sevaiya, condensed milk, frozen vegetables will attract 5 percent levy
  • GST on Coal has been brought down to 5 percent from the current tax incidence of 11.69 percent
  • oil, soaps and toothpaste will be charged GST of 18 percent instead of present 22-24
  • ACs and refrigerators will fall in the 28 percent tax slab
  • Life-saving drugs have been kept at 5 percent
  • All capital goods and all industrial intermediaries would attract 18 percent tax instead of 28 percent.
  • ‘Mithai’ or sweets will attract 5 percent levy.
  • Sugar, tea, coffee (barring instant coffee) and edible oil will attract the lowest tax rate of 5 percent
  • Frozen meat will attract a GST of 12 percent
  • Ayurvedic or homeopathy medicines, agarbatti, umbrella, electric vehicles and mobile phone manufacturing will be taxed at 12 percent
  • Pastries and cakes, pasta, ice cream and soups, instant food mixes, betel nut, vinegar and sharbat will attract 18 percent tax
    28 percent tax will be levied on chewing gum, chocolates, custard powder and waffles containing chocolate.
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