Updated List GST Rates India with HS code
Until 2016, India followed traditional sales and service tax. In this mid of 2016, the Ministry of Finance proposed a GST bill in the Indian Parliament. However, the GST bill passed after hours of debates. From July 2017, India follows goods and service tax or GST. Thus, it is eligible in foreign trade too. Here, we have discussed its rates, slabs, applicability with central, state, interstate, export-import goods, and services. Here, we have mentioned the GST exemption cases also.
GST Rates in India governing bodies are Central Board of Excise & Customs or CBEC
and National Academy of Customs, Excise & Narcotics or NACEN. The taxes or
tariff comes under the below-mentioned categories.
CGST – Central GST
SGST – State GST
IGST – Integrated GST
UTGST - Union Territory Goods and Services Tax
Hence, the movement of goods and services within India and abroad might
come under these taxes.
Cut and polished diamonds – 0.25%
Sugar, Spices, and edible oils- 5%
Computers and spectacles -12%
Home Appliances luxury type – 28%
Nil or no GST is applicable for the below-mentioned goods.
Zero tax is applicable for hulled cereals like barley, rice, wheat,
salts, jaggery, and oats.
Kajal
School stationeries
Human hair
Sanitary napkins
Vegetables
GST Rates India in Slabs
Tax rates with 5% GST goods
included are -
Aggarbaties, Biogas, Chakki Atta, Coir Mats, Fly-ash blocks, Ice,
Natural Cork, Numismatic Coins, Nuts, Revenue Stamps, snow and walking sticks.
Tax rates with 12% GST
goods included are -
Agglomerated cork, diagnostic kits, Diesel Engines, Glasses,
Intraocular lens, mixed condiments, pickle, Plastic beads, and Two-way radio.
Tax rates with 18% GST
goods included are –
Aluminium foil, bamboo furniture, CCTV cameras, Dental Wax, electric
transformers, Headgear, pipes, Plastic Tarpaulin, Rear Tractor tires,
set-top-box, sports goods, UPS, and weighing machines
Tax rates with 28% GST
goods included are –
Automobiles, cement, durable consumer products, high-end
motorcycles, pan masala products, and Tobacco products.
GST Rates on Services
Nil GST is applicable for any things come under the Pradhan Mantri
Jan Dhan Yojana.
Rental Services – 5%
Movie Tickets – 12%
Food Services – 18%
Amusements and Entertainment Services – 28%
Hence, GST is applicable for people into EXIM business too.
They follow the harmonized
system of nomenclature or by HS
codes. For example, GST Rate with HS Code 8483 is for auto
parts. In this way, you can find out product name and its tariff in HS codes.
They are the best to check by the customs department and agencies involved in
EXIM business and allied activities.
Seair Exim Solutions is a market research and Import Export Data
provider company in India. We also provide export import data India, custom
duty of India, HS code list, and global trade information of more than 80
countries in the globe.
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