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 exempted from tax base completely 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

 

You can have also check out our previous article based on which products and services have become costlier after GST roll out.