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Know Which Items Could Get Cheaper Under GST
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
Related Posts:
Which products and services have become costlier after GST roll out?
GST is Boon on Household Items for Common Man
GST will Bring Benefit for All
