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GST Rates & HSN Codes: GST Tax Rates & SAC Codes in India for 2017

GST council of India has made the announcement of GST Tax rates 2017 on various categories on day of a two-day meeting at Srinagar. The GST rates are finally public now, let’s take a look at the rates.

GST Rates Structure

Tax Rates Products
0% Milk Kajal
Eggs Educations Services
Curd Health Services
Lassi Children’s Drawing & Colouring Books
Unpacked Foodgrains Unbranded Atta
Unpacked Paneer Unbranded Maida
Gur Besan
Unbranded Natural Honey Prasad
Fresh Vegetables Palmyra Jaggery
Salt Phool Bhari Jhadoo
5% Sugar Packed Paneer
Tea Coal
Edible Oils Raisin
Domestic LPG Roasted Coffee Beans
PDS Kerosene Skimmed Milk Powder
Cashew Nuts Footwear (< Rs.500)
Milk Food for Babies Apparels (< Rs.1000)
Fabric Coir Mats, Matting & Floor Covering
Spices Agarbatti
Coal Mishti/Mithai (Indian Sweets)
Life-saving drugs Coffee (except instant)
12% Butter Computers
Ghee Processed food
Almonds Mobiles
Fruit Juice Preparations of Vegetables, Fruits, Nuts or other parts of Plants including Pickle Murabba, Chutney, Jam, Jelly
Packed Coconut Water Umbrella
18% Hair Oil Capital goods
Toothpaste Industrial Intermediaries
Soap Ice-cream
Pasta Toiletries
Corn Flakes Computers
Soups Printers
28% Small cars (+1% or 3% cess) High-end motorcycles (+15% cess)
Consumer durables such as AC and fridge Beedis are NOT included here
Luxury & sin items like BMWs, cigarettes and aerated drinks (+15% cess)

In addition to the above, a few other items were mentioned in the Council’s announcement of rates. These items, and the applicable rates on them are as follows:

Full list of GST Rates 2017

1) Mango sliced dried

Old rate: 12%

New rate: 5%

2) Khakra and plain chapati

Old rate: 12%

New rate: 5%

3) Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government, subject to specified conditions

Old rate: 18%

New rate: 5%

4) Namkeens other than those put up in unit container and, –

> bearing a registered brand name; or

> bearing a brand name on which an actionable claim or enforceable right in a court of law is available [other than those where any actionable claim or enforceable right in respect of such brand name has been foregone voluntarily

Old rate: 12%

New rate: 5%

5) Imposing GST only on the net quantity of superior kerosene oil [SKO] retained for the manufacture of Linear Alkyl Benzene [LAB]

Old rate: 18%

New rate: 18% (Clarification to be issued)

6) Ayurvedic, Unani, Siddha, Homeopathy medicines, other than those bearing a brand name

Old rate: 12%

New rate: 5%

7) Poster Colour

Old rate: 28%

New rate: 18%

8) Modelling paste for children amusement

Old rate: 28%

New rate: 18%

9) Plastic waste, parings or scrap

Old rate: 18%

New rate: 5%

10) Rubber  waste, parings or scrap

Old rate: 18%

New rate: 5%

11) Hard Rubber waste or scrap

Old rate: 28%

New rate: 5%

12) Paper waste or scrap

Old rate: 12%

New rate: 5%

13) Duty credit scrips

Old rate: 5%

New rate: Nil

14) Sewing thread of manmade filaments, whether or not put up for retail sale

Old rate: 18%

New rate: 12%

15) All synthetic filament yarn, such as nylon, polyester, acrylic, etc.

Old rate: 18%

New rate: 12%

16) All artificial filament yarn, such as viscose rayon, Cuprammonium,

Old rate: 18%

New rate: 12%

17) Sewing thread of manmade staple fibres

Old rate: 18%

New rate: 12%

18) Yarn of manmade staple fibres

Old rate: 18%

New rate: 12%

19) Real Zari

Old rate: 12%

New rate: 5%

20) All goods falling under heading 6802 [other than those of marble and granite or those which attract 12 percent GST]

Old rate: 28%

New rate: 18%

21) Cullet or other waste or scrap of Glass

Old rate: 18%

New rate: 5%

22) Fittings for loose-leaf binders or files, letter clips, letter corners, paper clips, indexing tags and similar office articles, of base metal; staples in strips (for example, for offices, upholstery, packaging), of base metal

Old rate: 28%

New rate: 18%

23) Plain Shaft Bearing 8483

Old rate: 28%

New rate: 18%

24) Parts suitable for use solely or principally with fixed Speed Diesel Engines of power not exceeding 15HP

Old rate: 28%

New rate: 18%

25) Parts suitable for use solely or principally with power driven pumps primarily designed for handling water, namely, centrifugal pumps (horizontal and vertical), deep tube-well turbine pumps, submersible pumps, axial flow and mixed flow vertical pumps

Old rate: 28%

New rate: 18%

26) E-Waste

Old rate: 28/18 %

New rate: 5%

27) Biomass briquettes

Old rate: 18 %

New rate: 5%

The Council also rationalised GST rates on 12 job work services:

# Job work services in relation to all products falling in Chapter 71 (including imitation jewellery) – 5%

# Job work services in relation to food and food products falling under Chapters 1 to 22 of the HS Code (except packing of processed milk into packets) – 5%

# Job work services in relation to products falling under Chapters 23 of the HS Code except dog and cat food put up for retail sale – 5%

# Job work in relation to manufacture of umbrella – 12%

# Job work in relation to manufacture of clay bricks falling under CTH 69010010 – 5%

# Services by way of printing on job work basis or on goods belonging to others in relation to printing of all goods falling under Chapter 48 or 49, which attract GST @ 5% or Nil – 5%

# Services by way of printing on job work basis or on goods belonging to others in relation to printing of all goods falling under Chapter 48 or 49, which attract GST @ 12% – 12%

# Services by way of printing on job work basis or on goods belonging to others in relation to printing of goods falling under Chapter 48 or 49, other than those covered by (6) and (7) above – 18%

# Services by way of printing in relation to printing of all goods falling under Chapter 48 or 49, which attract GST @ 5% or Nil, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer – 12%

# Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST @12%, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer – 12%

# Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST @18% or above, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer – 18%

# To issue a clarification with regard to classification of printing products/services.

via MoneyControl

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