GST Rates on different Goods and Services

Goods and Services Tax (GST) rates in India may be subject to change, and it’s essential to refer to the latest notifications and updates from the GST Council for the most current information. GST rates are categorized into several slabs, including 5%, 12%, 18%, and 28%, with certain goods and services being exempted or taxed at 0%.

GST Rates on Goods:

1. 0% (Nil Rate):

   • Basic food items, milk, vegetables, fresh fruits, and certain agricultural products.
   • Books, newspapers, and educational materials.
   • Some healthcare products.

2. 5%:

   • Processed food items.
   • Apparel below a certain value.
   • Footwear below a certain value.
   • Medicines, medical devices, and healthcare services.

3. 12%:

   • Processed foods.
   • Some textiles and apparel.
   • Certain chemicals.
   • Industrial intermediaries.

4. 18%:

   • Electronics and electronic goods.
   • Consumables and durables.
   • Luxury items.
   • Some services like telecom and financial services.

5. 28%:

   • Luxury goods and high-end items.
   • Tobacco and tobacco products.
   • Some electronic items.

GST Rates on Services:

1. 0% (Nil Rate):

   • Healthcare services.
   • Educational services.

2. 5%:

   • Transport services (other than air-conditioned).
   • Some construction services.

3. 12%:

   • Air travel (economy class).
   • Business class air travel and some other services.

4. 18%:

   • AC hotels serving liquor.
   • Telecom and financial services.

5. 28%:

   • Luxury hotels.
   • Entertainment services like cinemas and amusement parks.

Special Categories:

1. Gold and Precious Metals:

   • The GST rate on gold and precious metals may vary, and it is subject to change.

2. Real Estate:

   • Real estate is generally subject to GST on under-construction properties, while completed properties are usually outside the purview of GST.

It’s important to note that GST rates can be revised by the GST Council, and special provisions or exemptions may apply in certain cases. Additionally, there may be specific conditions and criteria for particular goods or services. For the most accurate and up-to-date information, it is advisable to check the latest GST notifications or consult with a tax professional.