Income Tax


Tuesday 6 June 2017

GST Rates Schedules Of Goods

GST rates schedules for Goods approved in GST Council meeting which was held on 18 May, 2017 at Srinagar(Jammu & Kashmir), The rates of goods were discussed on the 14th GST Council meeting 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 rate structure for the following commodities is yet to be decided :-
1.      Biri wrapper leaves (tendu patta) – Ch. 14
2.      Biscuits – Ch.19 
3.      Biris – Ch. 24 
4.      Textiles – Ch. 50 to 63 
5.      Footwear – Ch. 64 
6.    Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin – Ch. 71
7.   Power driven Agricultural, horticultural, forestry, poultry keeping or bee-keeping machinery, Harvesting or threshing machinery, machines for cleaning, sorting or grading, machinery used in milling industry and parts thereof [8432, 8433, 8436 and 8437].


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