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anvi sharma   08 July 2017

GST Tax Slab: Gauge the Benefit of Goods and Services Tax

GST Tax Slab is one of the most sensational topics of discussion since the news about the new norm has come out. With the implementation on the 1st of July, the Goods and Services Tax has fundamentally changed the way in which businesses maintained their books. With this norm, a common database is maintained by the GSTN that presents a consolidated view of what your business is about.

This data is then flowed along the channels of customs, banks, income tax department and so on. Before this reform, it was affordable to be non-complaint but now all the details are floated by the GSTN which makes it nearly impossible for anyone to cheat the book keeping.

GST Tax Rate List

GST Tax Rate List is divided into 5 major categories involving goods and services falling into 5 tax slabs. These slabs are 0%, 5%, 12%, 18% and 28%. The GST rate list defines which goods and services will be charged at which tax rate. The government has categorised all goods and services on the basis of usage and need and put them under these slabs.   

GST Rate List Product Wise

Item wise GST Rates in India are as follows:

  • 0% slab: The 0% slab includes fresh meat, handloom, fish chicken,bangles, eggs, newspapers, milk, butter milk, curd, judicial papers, natural honey, stamps, fresh fruits and vegetables, sindoor, flour, bindi, besan, salt, bread and prasad.

  • 5% slab: The 0% slab includes sugar, tea, sabudana, roasted coffee beans, edible oils, packaged food items, cream, skimmed milk powder, fish fillet, milk food for babies, packed paneer, Raisin, frozen vegetables, cashew nuts, rusk, spices and pizza bread.

  • 12% slab: The 12% slab includes frozen meat products, cell phones, butter, colouring books, cheese, agarbatti, ghee, tooth powder, dry fruits in packaged form, animal fat, Ayurvedic medicines,sausages, bhutia, fruit juices and namkeen.

  • 18% slab: The 18% slab includes flavored refined sugar, speakers and Monitors, pasta, cornflakes, camera, pastries and cakes, preserved vegetables, printed circuits, jams, sauces, steel products, soups, ice cream, note books, instant food mixes, mineral water, tampons, tissues and envelopes.

  • 28% slab: The 28% slab includes chewing gum, Wallpaper, molasses, chocolate not containing cocoa, water heater, dishwasher, waffles and wafers coated with chocolate, motorcycles, pan masala, aerated water, washing machine, paint, deodorants, shaving creams, aircraft for personal use, after shave, vacuum cleaner, hair shampoo, shavers, dye, sunscreen, ceramic tiles, weighing machine, ATMs, vending machines, hair clippers, automobiles, and yachts.


GST Rate List for Services

GST rates for services are as follows:

  • 5% slab: Transport services like railways and airways, small restaurants with turnover of ₹ 50 Lakhs, supply of tour operators’ services, transport of passengers by motor cabs and radio taxis, transport of passengers by air in economy class and selling of space for advertisement in print media.

  • 12% slab: Business class air tickets and hotels, inns, guest houses, that bear the room tariff of ₹ 1000 and above but less than ₹ 2500 per room per night

  • 18% slab: AC hotels which serve liquor to customers, telecom services, hotels, inns, guest houses, that bear the room tariff of ₹ 2500 and above but less than ₹ 5000 per room per night and IT services.

  • 28% slab: Hotels, inns, guest houses, that bear the room tariff of ₹ 5000 and above per room per night, race club betting & gambling, entertainment and cinema and five-star hotels.

How to file GST Returns

According to this new reform, every taxpayer will have to file three returns on a monthly basis and one return on an annual basis. Under the composition scheme, different returns will need to be furnished by different taxpayers. Following are the types of returns that one will have to file as per GST Law.

  • GSTR- 1: This is to be filed by the Registered Taxable Suppliers.

  • GSTR- 2: This is to be filed by the Registered Taxable Recipients.

  • GSTR- 3: This is to be filed by the Registered Taxable Persons.

  • GSTR- 4: This is to be filed by the Composition Suppliers.

  • GSTR- 5: This is to be filed by the Non-Resident Taxable Persons.

  • GSTR- 6: This is to be filed by the Input Service Distributors.

  • GSTR- 7: This is to be filed by the Tax Deductors.

  • GSTR- 8: This is to be filed by the E-commerce Operators and/or Tax Collectors.

  • GSTR- 9: This is to be filed by the Registered Taxable Persons.

  • GSTR- 10: This is to be filed by the Taxable persons whose registration has been surrendered or cancelled.

  • GSTR- 11: This is to be filed by the persons having UIN and claiming refund.


 1 Replies

Rajendra K Goyal (Advocate)     13 July 2017

Good effort, thanks.

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