GST Rate Schedule for Goods

 [ GST Rate Schedule for Goods as per discussions in the GST Council Meeting held on 18th May, 2017]

The fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes.

[ Also Read GST Compensation Cess Rates for different supplies – As per GST Council Meeting 18.05.2017 – Download ]

[ Also Read GST Rates for Services – Approved by GST Council 19.05.2017 – Download – Print ]

[ Also Read Services under Reverse Charge – Approved by GST Council 19.05.2017 – Download – Print ]

[Also Read  Service Accounting Code with Services Classification under GST ; Approved by GST Council ; 19.05.2017 Download  ]

[ Also Read  Final GST Rules Approved by GST Council Meeting held on 18.05.2017 – Download ]

GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council. The footnote below the table gives the list of such goods.

Note:

The rate structure for the following commodities is yet to be decided:

1.      Biri wrapper leaves (tendu patta) – Ch. 14

2.        Biscuits–Ch.19

3.        Biris– Ch. 24

4.        Textiles– Ch. 50 to 63

5.        Footwear – Ch. 64

6.      Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin – Ch. 71

7. Power driven Agricultural, horticultural, forestry, poultry keeping or bee-keeping machinery, Harvesting or threshing machinery, machi nes for cleaning, sorting or grading, machinery used in milling industry and parts thereof [8432, 8433, 8436 and 8437]

8 . Cereals and flour put up in unit container and bearing a registered brand name.

9 . Puja samagri including havan samagri will be under Nil category. However, the exact formulation for the same is yet to be finalised.

Download GST Rate Schedule for Goods 

Download Addendum to GST Rate Schedule for Goods 

Related Best GST Books on GST Law of India 2017 Latest Book