Know Which Items Could Get Cheaper Under GST

Posted on: 2017-08-06 00:40:07

The Modi government has changed the tax system of India which has been pending from last 10 years long residency rule and finally GST is rolled out for number of goods and services. This is the biggest tax reformation since Independence will hold the key role of nation’s growth, development and integration if it is implemented properly, will bring transparency in taxation system and put efforts to stand a nation in a good position.

GST is applicable for supply of goods and services to traders, businessman, taxpayer, restaurants, service sectors, etc. and even if to end consumers. So people are thinking which items/product’s tax got hiked under GST regime or decreased their tax as compared to the earlier tax system.

Most of us looking for which products and services get cheaper in recently rolled out GST. Apart from certain items/things/services are completely exempted from tax base, here we are discussing about the diminished tax rate of GST for certain products and services. Items that will have cost low from now days onwards.

Below is a comprehensive list of the goods and services which have become cheaper than the earlier tax rate.

SL. No	Items - Things	Old Tax Rates (%)	GST Rates (%)
1	Soyabean, Groundnut, Sunflower Seeds	6	5
2	Coffee, Tea	6	5
3	Frozen Vegetables	6	5
4	Sweetmeats	12	5
5	Bakery Mixes, Dough’s, Pizza Bread	12	5
6	Vegetables Fat & Oils	12	5
7	Tea Concentrates, Soups	12	5
8	Handmade Safety Matches	18.5	5
9	Broomsticks	18	5
10	Beet Sugar, Cane Sugar	26	5
11	Steel Utensils	18.5	5
12	LPG for Domestic Supply	17	5
13	Household Copper Articles	18.5	5
14	Copper Utensils	18.5	5
15	Iron / Steel / Household Articles	18.5	5
16	Iron / Steel / Kerosene Stoves	18.5	5
17	Sand Lime Bricks	6	5
18	Peat	19.5	5
19	All Ores and Concentrates	18.5	5
20	Kerosene PDS	17	5
21	Tar	12	5
22	Coal	12	5
23	Lignite	12	5
24	Braille Typewriters	13.5	5
25	Animal or Human Blood Vaccines	6	5
26	Sand Lime Bricks, Fly Ash Bricks	6	5
27	Geometry Box	18.5	5
28	Pencil Sharpeners, Knives	18.5	12
29	Meat & Fish Preparations	19.5	12
30	Candles	26	12
31	Tooth Powder	26	12
32	LED Lights	26	12
33	Milk Beverages	26	12
34	Ready to Eat Namkeen/Bhujia	26	12
35	Sports Goods	18.5	12
36	Bicycles	18.5	12
37	Spectacle Lens	18.5	12
38	Aluminium Utensils	18.5	12
39	Power Driven Water Pumps	12.5	12
40	Fertilizers	18.5	12
41	Tractors	18.5	12
42	Sewing / Knitting Needles	18.5	12
43	Works Contracts	15	12
44	Non AC / Alcohol Serving Restaurants	13-14	12
45	Aluminium Foil	18.5	18
46	Infant Use Preparations	19.5	18
47	Pasta, Corn Flakes and Cakes	19.5	18
48	Condensed Milk	18.5	18
49	Toilet Paper	18.5	18
50	Hot Water Bottles	18.5	18
51	Petroleum Jelly, Paraffin Wax	20	18
52	Ice cream, Instant Food Mixes, Sharbet	26	18
53	Refined Sugar	26	18
54	Soap	26	18
55	Dentrifices - Toothpaste	26	18
56	Hair Oil	26	18
57	Whey Proteins & Fitness Supplements	26	18
58	Hat and Other Headgears	26	18
59	Printers	26	18
60	Petroleum Coke, Petroleum Bitumen	27.5	18
61	Copper Bars, Rods, Wires	18.5	18
62	Copper Screws, Nuts, Bolts	18.5	18
63	Nickel Bars, Rods, Wires	18.5	18
64	Nickel Screw, Nuts, Bolts	18.5	18
65	Nickel Tubes, Pipes, Netting	18.5	18
66	Aluminium Ingots, Rods, Wires	18.5	18
67	Lead Plates, Sheets, Strips	18.5	18
68	Zinc Goods	18.5	18
69	Tin Bars, Rods	18.5	18
70	Padlocks, Locks	18.5	18
71	Helmets	18.5	18
72	Plastic Products	18.5	18
73	AC, Alcohol Serving Restaurants	22	18
74	Cement	30	28

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Know Which Items Could Get Cheaper Under GST