The Goods and Services Tax (GST) Council has recently announced revised tax rates on several items, bringing relief to consumers. The changes are aimed at reducing the burden on essential and commonly used products, while also boosting demand in certain sectors.
In a late evening media briefing, finance minister Nirmala Sitharaman said that this is not just GST rate rationalisation but a "structural reform" which will ease compliance. She added that rates of most common use items have come down. The changes in GST rates of all goods, except pan masala, gutkha, cigarettes, chewing tobacco products like zarda, unmanufactured tobacco and bidi, will be implemented with effect from September 22.
Here's the full exhaustive list of items along with their new GST rates:
| GST Rate | Items |
|---|---|
| 0% |
33 Life-saving drugs & medicines, Cancer medicines, Medication for rare diseases; Individual life insurance, Health policies; Maps, Charts, Globes; Pencils, Sharpeners, Crayons, Pastels; Exercise Books, Notebooks, Eraser |
| 5% |
Hair oil, Shampoo, Toothpaste, Toilet soap, Tooth brush, Shaving cream; Butter, Ghee, Cheese & dairy spreads, Namkeens, Utensils; Feeding bottles, Napkins for babies, Clinical diapers; Sewing machines & parts; Thermometer, Medical grade oxygen, Diagnostic kits & reagents, Glucometer & test strips; Corrective spectacles; Tractor tyres, parts, tractors; Specified bio-pesticides, Micro-Nutrients; Drip irrigation system & sprinklers; Agricultural, horticultural or forestry machines for soil preparation |
| 18% |
Petrol & Petrol Hybrid, LPG, CNG Cars (≤1200 cc & 4000 mm); Diesel & Diesel Hybrid Cars (≤1500 cc & 4000 mm); 3 Wheeled Vehicles; Motorcycles (≤350 cc); Motor Vehicles for transport of goods; Air Conditioners; Televisions (above 32″) including LED & LCD TVs; Monitors & Projectors; Dish Washing Machines |
| 40% |
Pan masala, Cigarettes, Gutka, Chewing Tobacco, Bidis; Aerated waters containing added sugar or flavour, Caffeinated beverages, Non-alcoholic beverages; Motorcycles exceeding 350 cc, Yachts |
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