Thursday, June 15, 2017

List of goods with reduced tax liability under GST regime in comparison to present combined Indirect Tax rates

The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.

In a majority of supplies of goods, the tax incidence approved by the GST Council is much lower than the present combined indirect tax rates levied [on account of central excise duty rates / embedded central excise duty rates / service tax post-clearance embedding, VAT rates or weighted average VAT rates, cascading of VAT over excise duty and tax incidence on account of CST, Octroi, Entry Tax, etc.] by the Centre and States.

 A list of such supplies, where the GST incidence is lower than the present combined indirect tax rates are reflected as under:

S.No 
Chapter / Heading
  Sub-heading / Tariff item
Description of goods
1
4
Milk powder
2
4
Curd, Lassi, Butter milk put up in unit container
3
4
Unbranded Natural Honey
4
401
Ultra High Temperature (UHT) Milk
5
405
Dairy spreads
6
406
Cheese
7
801
Cashew nut
8
806
Raisin
9
9
Spices
10
9
Tea
11
10
Wheat
12
10
Rice
13
11
Flour
14
15
Soyabean oil
15
15
Groundnut oil
16
15
Palm oil
17
15
Sunflower oil
18
15
Coconut oil
19
15
Mustard Oil
20
15
Sunflower oil
21
15
Other vegetable edible oils
22
17
Sugar
23
1702
Palmyra jaggery
24
1704
Sugar confectionery
25
1902
Pasta, spaghetti, macaroni, noodles
26
20
Fruit and vegetable items and other food products
27
2001, 2004
Pickle, Murabba, Chutney
28
21
Sweetmeats
29
2103
Ketchup & Sauces
30
2103 30 00
Mustard Sauce
31
2103 90 90
Toppings, spreads and sauces
32
2106
Instant Food Mixes
33
2106
Other pulses bari (mungodi)
34
22
Mineral water
35
2201 90 10
Ice and snow
36
25
Cement
37
27
Coal
38
27
Kerosene PDS
39
27
LPG Domestic
40
30
Insulin
41
33
Agarbatti
42
33
Tooth powder
43
33
Hair oil
44
33
Toothpaste
45
3304 20 00
Kajal [other than kajal pencil sticks]
46
34
Soap
47
37
X ray films for medical use
48
3822
Diagnostic kits and reagents
49
3926 90 99
Plastic Tarpaulin
50
4202
School Bag
51
4820
Exercise books and note books
52
4823
Kites
53
4903
Childrens' picture, drawing or colouring books
54
50
Silk fabrics
55
51
Woollen fabrics
56
52
Cotton fabrics not containing any other textile material
57
53
Other Vegetable yarn fabrics
58
54, 55
Manmade filament/fibre fabrics
59
61, 62, 63
Readymade garments and made up articles of textiles of sale value not exceeding Rs. 1000 per piece
60
61, 62, 63
Readymade garments and made up articles of textiles  of sale value exceeding Rs. 1000 per piece
61
64
Footwear of RSP upto Rs. 500 per pair
62
64
Other footwear
63
65
Helmet
64
65
Headgear and parts thereof
65
68
Fly ash bricks and fly ash blocks
66
701510
Glasses for corrective spectacles and flint buttons
67
73
LPG Stove
68
76
Aluminium foils
69
8215
Spoons, forks, ladles, skimmers, cake servers, fish knives, tongs
70
84
Fixed Speed Diesel Engines of power not exceeding 15HP
71
4011
Tractor rear tyres and tractor rear tyre tubes
72
8423 & 9016
Weighing Machinery [other than electric and electronic]
73
8443
Printers [other than multifunction printers]
74
8521
Recorder
75
8525
CCTV
76
8452
Sewing Machine
77
8472
Staplers
78
8703
Car for Physically handicapped person
79
8715
Baby carriages
80
900140, 900150
Spectacles Lenses
81
9002
Intraocular lens
82
9004
Spectacles, corrective
83
91
Braille Watches
84
94
Medical furniture
85
94
LED
86
94
Kerosene pressure lantern
87
9403
Bamboo furniture
88
9506
Sports goods other than articles and equipments for general physical exercise
89
96031000
Phul-jahroo

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