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      Home› news › GST › 2017 › June, 2017 › This
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      GST

      Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates

      June 15, 2017

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      The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.

      In a majority of supplies of goods, the tax incidence approved by the GST Council is much lower than the present combined indirect tax rates levied [on account of central excise duty rates / embedded central excise duty rates / service tax post-clearance embedding, VAT rates or weighted average VAT rates, cascading of VAT over excise duty and tax incidence on account of CST, Octroi, Entry Tax, etc.] by the Centre and States.

      A list of such supplies, where the GST incidence is lower than the present combined indirect tax rates are reflected as under:

      S.  No.

      Chapter / Heading / Sub-heading / Tariff item

      Description of goods

      1

      4

      Milk powder

      2

      4

      Curd, Lassi, Butter milk put up in unit container

      3

      4

      Unbranded Natural Honey

      4

      0401

      Ultra High Temperature (UHT) Milk

      5

      0405

      Dairy spreads

      6

      0406

      Cheese

      7

      801

      Cashew nut

      8

      806

      Raisin

      9

      9

      Spices

      10

      9

      Tea

      11

      10

      Wheat

      12

      10

      Rice

      13

      11

      Flour

      14

      15

      Soyabean oil

      15

      15

      Groundnut oil

      16

      15

      Palm oil

      17

      15

      Sunflower oil

      18

      15

      Coconut oil

      19

      15

      Mustard Oil

      20

      15

      Sunflower oil

      21

      15

      Other vegetable edible oils

      22

      17

      Sugar

      23

      1702

      Palmyra jaggery

      24

      1704

      Sugar confectionery

      25

      1902

      Pasta, spaghetti, macaroni, noodles

      26

      20

      Fruit and vegetable items and other food products

      27

      2001, 2004

      Pickle, Murabba, Chutney

      28

      21

      Sweetmeats

      29

      2103

      Ketchup & Sauces

      30

      2103 30 00

      Mustard Sauce

      31

      2103 90 90

      Toppings, spreads and sauces

      32

      2106

      Instant Food Mixes

      33

      2106

      Other pulses bari (mungodi)

      34

      22

      Mineral water

      35

      2201 90 10

      Ice and snow

      36

      25

      Cement

      37

      27

      Coal

      38

      27

      Kerosene PDS

      39

      27

      LPG Domestic

      40

      30

      Insulin

      41

      33

      Agarbatti

      42

      33

      Tooth powder

      43

      33

      Hair oil

      44

      33

      Toothpaste

      45

      3304 20 00

      Kajal [other than kajal pencil sticks]

      46

      34

      Soap

      47

      37

      X ray films for medical use

      48

      3822

      Diagnostic kits and reagents

      49

      3926 90 99

      Plastic Tarpaulin

      50

      4202

      School Bag

      51

      4820

      Exercise books and note books

      52

      4823

      Kites

      53

      4903

      Childrens' picture, drawing or colouring books

      54

      50

      Silk fabrics

      55

      51

      Woollen fabrics

      56

      52

      Cotton fabrics not containing any other textile material

      57

      53

      Other Vegetable yarn fabrics

      58

      54, 55

      Manmade filament/fibre fabrics

      59

      61, 62, 63

      Readymade garments and made up articles of textiles of sale value not exceeding ₹ 1000 per piece

      60

      61, 62, 63

      Readymade garments and made up articles of textiles  of sale value exceeding ₹ 1000 per piece

      61

      64

      Footwear of RSP upto ₹ 500 per pair

      62

      64

      Other footwear

      63

      65

      Helmet

      64

      65

      Headgear and parts thereof

      65

      68

      Fly ash bricks and fly ash blocks

      66

      701510

      Glasses for corrective spectacles and flint buttons

      67

      73

      LPG Stove

      68

      76

      Aluminium foils

      69

      8215

      Spoons, forks, ladles, skimmers, cake servers, fish knives, tongs

      70

      84

      Fixed Speed Diesel Engines of power not exceeding 15HP

      71

      4011

      Tractor rear tyres and tractor rear tyre tubes

      72

      8423 & 9016

      Weighing Machinery [other than electric and electronic]

      73

      8443

      Printers [other than multifunction printers]

      74

      8521

      Recorder

      75

      8525

      CCTV

      76

      8452

      Sewing Machine

      77

      8472

      Staplers

      78

      8703

      Car for Physically handicapped person

      79

      8715

      Baby carriages

      80

      900140, 900150

      Spectacles Lenses

      81

      9002

      Intraocular lens

      82

      9004

      Spectacles, corrective

      83

      91

      Braille Watches

      84

      94

      Medical furniture

      85

      94

      LED

      86

      94

      Kerosene pressure lantern

      87

      9403

      Bamboo furniture

      88

      9506

      Sports goods other than articles and equipments for general physical exercise

      89

      96031000

      Phul-jahroo

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