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

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....7 The new indirect tax regime in the country is to come into effect from 1-7-2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State Governments after the approval from the GST Council. 2. 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 acc....

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....0 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 confectione....

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.... 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 ....

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....g 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 carr....