Tax rate charge of gst
This query is : Resolved
02 June 2017
Hi Team,
I m not aware from rate of GST, could you please send me understandable rate chart to me. Is there any negative list like service tax or exempt commodity like vat.
I m not aware from rate of GST, could you please send me understandable rate chart to me. Is there any negative list like service tax or exempt commodity like vat.
Guest
Guest
(Expert)
02 June 2017
List of exempt Services in Services tax is going to continue in GST
26 July 2025
Sure! Here’s a straightforward overview of **GST rates and related info** in India as of 2017–2018, to help you understand better:
---
### 1. **GST Rate Slabs in India**
GST in India has **four main rate slabs**:
| Rate | Description | Examples |
| ------- | ---------------------------- | ----------------------------------------------------------- |
| **0%** | Exempted goods and services | Fresh vegetables, milk, education, healthcare |
| **5%** | Essential items & services | Edible oils, sugar, spices, coal, domestic LPG |
| **12%** | Mid-level goods and services | Processed food, computers, cell phones |
| **18%** | Standard rate | Most goods and services — telecom, FMCG, financial services |
| **28%** | Luxury and sin goods | Luxury cars, tobacco products, aerated drinks |
---
### 2. **Are there Negative Lists or Exemptions?**
* Unlike **Service Tax** which had a negative list of services not taxable, GST works differently.
* GST has a **list of exempt goods and services** (0% rate or NIL rated). These are basically goods/services you don’t pay GST on.
* There is no negative list as such, but certain goods and services are outside the GST net (like alcohol for human consumption, petroleum products).
---
### 3. **Additional Notes**
* GST subsumes various taxes like VAT, Service Tax, Excise Duty, etc.
* **Input Tax Credit (ITC)** is allowed on GST paid for business purchases.
* GST is divided into **CGST (Central GST)** and **SGST (State GST)** for intra-state supplies, and **IGST (Integrated GST)** for inter-state supplies.
---
### 4. **Where to find the official GST rate chart?**
* The government updates GST rates regularly.
* You can check the latest GST rates and HSN codes on the official **CBIC website**: [https://cbic.gov.in/](https://cbic.gov.in/)
---
If you want, I can prepare a detailed, easy-to-understand chart tailored for your business or specific goods/services. Just let me know!
---
### 1. **GST Rate Slabs in India**
GST in India has **four main rate slabs**:
| Rate | Description | Examples |
| ------- | ---------------------------- | ----------------------------------------------------------- |
| **0%** | Exempted goods and services | Fresh vegetables, milk, education, healthcare |
| **5%** | Essential items & services | Edible oils, sugar, spices, coal, domestic LPG |
| **12%** | Mid-level goods and services | Processed food, computers, cell phones |
| **18%** | Standard rate | Most goods and services — telecom, FMCG, financial services |
| **28%** | Luxury and sin goods | Luxury cars, tobacco products, aerated drinks |
---
### 2. **Are there Negative Lists or Exemptions?**
* Unlike **Service Tax** which had a negative list of services not taxable, GST works differently.
* GST has a **list of exempt goods and services** (0% rate or NIL rated). These are basically goods/services you don’t pay GST on.
* There is no negative list as such, but certain goods and services are outside the GST net (like alcohol for human consumption, petroleum products).
---
### 3. **Additional Notes**
* GST subsumes various taxes like VAT, Service Tax, Excise Duty, etc.
* **Input Tax Credit (ITC)** is allowed on GST paid for business purchases.
* GST is divided into **CGST (Central GST)** and **SGST (State GST)** for intra-state supplies, and **IGST (Integrated GST)** for inter-state supplies.
---
### 4. **Where to find the official GST rate chart?**
* The government updates GST rates regularly.
* You can check the latest GST rates and HSN codes on the official **CBIC website**: [https://cbic.gov.in/](https://cbic.gov.in/)
---
If you want, I can prepare a detailed, easy-to-understand chart tailored for your business or specific goods/services. Just let me know!
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