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Page 1 GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 1 The fitment of rates of goods were discussed today during the 14 th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council. The footnote below the table gives the list of such goods. S. No. Chapter Nil 5% 12% 18% 28% 1. 1 (Live animals) All goods other than live horses [0101 Live asses, mules and hinnies 0102 Live bovine animals 0103 Live swine 0104 Live sheep and goats 0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. 0106 Other live animal such as Mammals, Birds, Insects] - Live horses [01012100, 010129] - - www.taxguru.in Page 2 GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 1 The fitment of rates of goods were discussed today during the 14 th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council. The footnote below the table gives the list of such goods. S. No. Chapter Nil 5% 12% 18% 28% 1. 1 (Live animals) All goods other than live horses [0101 Live asses, mules and hinnies 0102 Live bovine animals 0103 Live swine 0104 Live sheep and goats 0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. 0106 Other live animal such as Mammals, Birds, Insects] - Live horses [01012100, 010129] - - www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 2 S. No. Chapter Nil 5% 12% 18% 28% 2. 2 (Meat and edible meat offal) All goods other than in frozen state and put up in unit containers. [0201 Meat of bovine animals, fresh and chilled. 0203 Meat of swine, fresh or chilled. 0204 Meat of sheep or goats, fresh or chilled. 0205 Meat of horses, asses, mules or hinnies, fresh or chilled. 0206 Edible offal of bovine animals, swine, sheep, goats, horses, asses, mules or hinnies, fresh or chilled. 0207 Meat and edible offal, of the poultry of heading - 1. All goods in frozen state and put up in unit containers [0202, 0203, 0204, 0205, 0206, 0207, 0208, 0209] 2. Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, salted, in brine, dried or smoked put up in unit containers [0209] 3. Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and meals of meat or meat offal put up in unit containers [0210] - - www.taxguru.in Page 3 GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 1 The fitment of rates of goods were discussed today during the 14 th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council. The footnote below the table gives the list of such goods. S. No. Chapter Nil 5% 12% 18% 28% 1. 1 (Live animals) All goods other than live horses [0101 Live asses, mules and hinnies 0102 Live bovine animals 0103 Live swine 0104 Live sheep and goats 0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. 0106 Other live animal such as Mammals, Birds, Insects] - Live horses [01012100, 010129] - - www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 2 S. No. Chapter Nil 5% 12% 18% 28% 2. 2 (Meat and edible meat offal) All goods other than in frozen state and put up in unit containers. [0201 Meat of bovine animals, fresh and chilled. 0203 Meat of swine, fresh or chilled. 0204 Meat of sheep or goats, fresh or chilled. 0205 Meat of horses, asses, mules or hinnies, fresh or chilled. 0206 Edible offal of bovine animals, swine, sheep, goats, horses, asses, mules or hinnies, fresh or chilled. 0207 Meat and edible offal, of the poultry of heading - 1. All goods in frozen state and put up in unit containers [0202, 0203, 0204, 0205, 0206, 0207, 0208, 0209] 2. Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, salted, in brine, dried or smoked put up in unit containers [0209] 3. Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and meals of meat or meat offal put up in unit containers [0210] - - www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 3 S. No. Chapter Nil 5% 12% 18% 28% 0105, fresh or chilled. 0208 Other meat and edible meat offal, fresh or chilled. 0209 Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled. 3. 3 (Fish, crustaceans, molluscs & other aquatic invertebrates) 1. Fish seeds, prawn / shrimp seeds whether or not processed, cured or in frozen state 2. All goods, other than processed, cured or in frozen state 1. 0301 Live fish. All goods (other than fish seeds, prawn / shrimp seed) processed, cured or in frozen state 1. 0303 Fish, frozen, excluding fish fillets and other fish meat of heading 0304 2. 0304 Fish fillets and other fish meat (whether or not minced), frozen. - - - www.taxguru.in Page 4 GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 1 The fitment of rates of goods were discussed today during the 14 th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council. The footnote below the table gives the list of such goods. S. No. Chapter Nil 5% 12% 18% 28% 1. 1 (Live animals) All goods other than live horses [0101 Live asses, mules and hinnies 0102 Live bovine animals 0103 Live swine 0104 Live sheep and goats 0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. 0106 Other live animal such as Mammals, Birds, Insects] - Live horses [01012100, 010129] - - www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 2 S. No. Chapter Nil 5% 12% 18% 28% 2. 2 (Meat and edible meat offal) All goods other than in frozen state and put up in unit containers. [0201 Meat of bovine animals, fresh and chilled. 0203 Meat of swine, fresh or chilled. 0204 Meat of sheep or goats, fresh or chilled. 0205 Meat of horses, asses, mules or hinnies, fresh or chilled. 0206 Edible offal of bovine animals, swine, sheep, goats, horses, asses, mules or hinnies, fresh or chilled. 0207 Meat and edible offal, of the poultry of heading - 1. All goods in frozen state and put up in unit containers [0202, 0203, 0204, 0205, 0206, 0207, 0208, 0209] 2. Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, salted, in brine, dried or smoked put up in unit containers [0209] 3. Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and meals of meat or meat offal put up in unit containers [0210] - - www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 3 S. No. Chapter Nil 5% 12% 18% 28% 0105, fresh or chilled. 0208 Other meat and edible meat offal, fresh or chilled. 0209 Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled. 3. 3 (Fish, crustaceans, molluscs & other aquatic invertebrates) 1. Fish seeds, prawn / shrimp seeds whether or not processed, cured or in frozen state 2. All goods, other than processed, cured or in frozen state 1. 0301 Live fish. All goods (other than fish seeds, prawn / shrimp seed) processed, cured or in frozen state 1. 0303 Fish, frozen, excluding fish fillets and other fish meat of heading 0304 2. 0304 Fish fillets and other fish meat (whether or not minced), frozen. - - - www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 4 S. No. Chapter Nil 5% 12% 18% 28% 2. 0302 Fish, fresh or chilled, excluding fish fillets and other fish meat of heading 0304 3. 0304 Fish fillets and other fish meat (whether or not minced), fresh or chilled. 4. 0306 Crustaceans, whether in shell or not, live, fresh or chilled; crustaceans, in shell, cooked by steaming or by boiling in water, chilled. 5. 0307 Molluscs, whether in shell or not, 3. 0305 Fish, dried, salted or in brine; smoked fish, whether or not cooked before or during the smoking process; flours, meals and pellets of fish, fit for human consumption 4. 0306 Crustaceans, whether in shell or not, frozen, dried, salted or in brine; crustaceans, in shell, cooked by steaming or by boiling in water, frozen, dried, salted or in brine; flours, meals and pellets of crustaceans, fit for human consumption. 5. 0307 Molluscs, whether in shell or not, frozen, dried, salted or in brine; aquatic invertebrates other than www.taxguru.in Page 5 GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 1 The fitment of rates of goods were discussed today during the 14 th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council. The footnote below the table gives the list of such goods. S. No. Chapter Nil 5% 12% 18% 28% 1. 1 (Live animals) All goods other than live horses [0101 Live asses, mules and hinnies 0102 Live bovine animals 0103 Live swine 0104 Live sheep and goats 0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. 0106 Other live animal such as Mammals, Birds, Insects] - Live horses [01012100, 010129] - - www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 2 S. No. Chapter Nil 5% 12% 18% 28% 2. 2 (Meat and edible meat offal) All goods other than in frozen state and put up in unit containers. [0201 Meat of bovine animals, fresh and chilled. 0203 Meat of swine, fresh or chilled. 0204 Meat of sheep or goats, fresh or chilled. 0205 Meat of horses, asses, mules or hinnies, fresh or chilled. 0206 Edible offal of bovine animals, swine, sheep, goats, horses, asses, mules or hinnies, fresh or chilled. 0207 Meat and edible offal, of the poultry of heading - 1. All goods in frozen state and put up in unit containers [0202, 0203, 0204, 0205, 0206, 0207, 0208, 0209] 2. Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, salted, in brine, dried or smoked put up in unit containers [0209] 3. Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and meals of meat or meat offal put up in unit containers [0210] - - www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 3 S. No. Chapter Nil 5% 12% 18% 28% 0105, fresh or chilled. 0208 Other meat and edible meat offal, fresh or chilled. 0209 Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled. 3. 3 (Fish, crustaceans, molluscs & other aquatic invertebrates) 1. Fish seeds, prawn / shrimp seeds whether or not processed, cured or in frozen state 2. All goods, other than processed, cured or in frozen state 1. 0301 Live fish. All goods (other than fish seeds, prawn / shrimp seed) processed, cured or in frozen state 1. 0303 Fish, frozen, excluding fish fillets and other fish meat of heading 0304 2. 0304 Fish fillets and other fish meat (whether or not minced), frozen. - - - www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 4 S. No. Chapter Nil 5% 12% 18% 28% 2. 0302 Fish, fresh or chilled, excluding fish fillets and other fish meat of heading 0304 3. 0304 Fish fillets and other fish meat (whether or not minced), fresh or chilled. 4. 0306 Crustaceans, whether in shell or not, live, fresh or chilled; crustaceans, in shell, cooked by steaming or by boiling in water, chilled. 5. 0307 Molluscs, whether in shell or not, 3. 0305 Fish, dried, salted or in brine; smoked fish, whether or not cooked before or during the smoking process; flours, meals and pellets of fish, fit for human consumption 4. 0306 Crustaceans, whether in shell or not, frozen, dried, salted or in brine; crustaceans, in shell, cooked by steaming or by boiling in water, frozen, dried, salted or in brine; flours, meals and pellets of crustaceans, fit for human consumption. 5. 0307 Molluscs, whether in shell or not, frozen, dried, salted or in brine; aquatic invertebrates other than www.taxguru.in GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18 th May, 2017] 5 S. No. Chapter Nil 5% 12% 18% 28% live, fresh, chilled; aquatic invertebrates other than crustaceans and molluscs, live, fresh, chilled. 6. 0308 Aquatic invertebrates other than crustaceans and molluscs, live, fresh or chilled. crustaceans and molluscs, frozen, dried, salted or in brine; flours, meals and pellets of aquatic invertebra other than crustaceans, fit for human consumption 6. 0308 Aquatic invertebrates other than crustaceans and molluscs, frozen, dried, salted or in brine; smoked aquatic invertebrates other than crustaceans and molluscs, whether or not cooked before or during the smoking process: flours, meals and pellets of aquatic invertebrates other than crustaceans and molluscs, fit for human consumption. www.taxguru.inRead More
FAQs on Goods and Service Tax Rate - Schedule for Goods - Learn About GST : Updates and Rules
| 1. What is Goods and Service Tax (GST)? |  |
Ans. Goods and Service Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It is a value-added tax that aims to streamline the taxation system by replacing multiple indirect taxes levied by the central and state governments.
| 2. How is the GST rate determined for goods and services? | |
Ans. The GST rate for goods and services is determined by the GST Council, which is a constitutional body consisting of the finance ministers of the central and state governments. The Council decides the tax rates based on factors such as revenue requirements, tax base, and the impact on various sectors of the economy.
| 3. What is the current GST rate in India? | |
Ans. The GST rate in India varies depending on the type of goods or services. There are four main tax slabs under GST: 5%, 12%, 18%, and 28%. Additionally, certain goods and services are exempt from GST or attract a nil rate. It is essential to consult the official GST rate schedule for specific details.
| 4. How does GST impact the prices of goods and services? | |
Ans. GST impacts the prices of goods and services by replacing multiple indirect taxes such as excise duty, service tax, and VAT. It aims to eliminate the cascading effect of taxes and bring transparency in the taxation system. While some products may become cheaper due to the lower tax rate under GST, the prices of certain goods and services may increase due to a higher tax rate.
| 5. Are there any goods or services exempt from GST? | |
Ans. Yes, certain goods and services are exempt from GST or attract a nil rate. Some examples of exempted goods and services include fresh fruits and vegetables, unprocessed cereals, healthcare services, education services, and basic transportation services. However, it is important to note that these exemptions may vary based on the specific category and the state in which the goods or services are supplied.
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