All about GST
GST Rate Structure The GST council has lifted the veil from GST rates across goods and services. Find out what rates will be applicable on different goods and services. GST council has made the much-awaited announcements around tax rates on various categories of goods. After much of a hype for a while these rates are finally in public domain. Everyone is evaluating themselves as a result of this change. So in this article, we bring you the GST rates. We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. The tax structure for common goods are as under. GST Rate Structure Tax Rates Products 5% Edible oil, sugar, spices, tea, coffee (except instant) Coal (instead of current 11.69%) Mishti/Mithai (Indian Sweets) Life-saving drugs 12% Computers, Processed food 18% Hair oil, toothpaste and soaps (currently at 28%) Capital goods and industrial intermediaries (big boost to local industries) 28% Small cars (+1% or 3% cess)