What are 12 GST items?
What are 12 GST items?
12% GST Goods. Items with 12 Percent GST as on 01.10. 2021
| Heading/ Sub-heading | Description of Goods | IGST Rate |
|---|---|---|
| 0402 91 10, 0402 99 20 | Condensed milk | 12% |
| 405 | Butter and other fats (i.e. ghee, butter oil, etc.) and oils derived from milk; dairy spreads | 12% |
| 406 | Cheese | 12% |
| 801 | Brazil nuts, dried, whether or not shelled or peeled | 12% |
How many items are in GST?
The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18% and 28% under GST. This is aside the tax on gold that is kept at 3% and rough precious and semi-precious stones that are placed at a special rate of 0.25% under GST. 7% goods and services fall under this category.
Which items are GST free?
Exempted Goods in GST exemption list
- Food. Fruits and vegetables, cereals, meat and fish, potatoes and other edible tubers and roots, tender coconut, tea leaves, jaggery, coffee beans, ginger, turmeric, milk, curd, etc.
- Raw materials.
- Tools/Instruments.
- Miscellaneous.
Is there GST on food items?
“Previously, 2% VAT was charged on milk and certain milk products but under GST regime, the rate of fresh milk is NIL and skimmed milk is kept under 5% bracket and condensed milk is taxed at the rate of 12%.
What items are GST 28?
01.10. 2021
| Heading/ Sub-heading | Description of Goods | IGST Rate |
|---|---|---|
| 2106 90 20 | Pan masala | 28% |
| 2202 10 | All goods [including aerated waters], containing added sugar or other sweetening matter or flavoured | 28% |
| 2202 99 90 | Caffeinated Beverages | 28% |
| 2401 | Unmanufactured tobacco; tobacco refuse [other than tobacco leaves] | 28% |
On which item GST is 28?
01.10. 2021
| Heading/ Sub-heading | Description of Goods | IGST Rate |
|---|---|---|
| 2202 99 90 | Caffeinated Beverages | 28% |
| 2401 | Unmanufactured tobacco; tobacco refuse [other than tobacco leaves] | 28% |
| 2402 | Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes | 28% |
What is current GST rate?
In India GST rate for various goods and services is divided into four slabs: they are 5% GST, 12% GST, 18% GST, & 28% GST….Revision of GST Rates announced in the 37th GST Council Meeting.
| Goods or commodities | New rate | Old rate |
|---|---|---|
| Hotels with Room Tariff of Rs.7501 and above | 18% | 28% |
What are the 4 slabs of GST?
The GST rate in India for various goods and services is divided under 4 slabs; these are 5% GST, 12% GST, 18% GST, and 28% GST.
Which items are in 28 GST slab?
Is tobacco included in GST?
Although the tax burden levied on the Indian tobacco industry is not enough as per the recommendation of the WHO for a tax burden of 75% on all tobacco-related products. Under GST, there will be an additional cess charged on the tobacco-related products, over and above the GST charged at the rate of 28%.
What is the GST rate on food items?
18%
GST rates for food items: GST rates on food items currently ranges between NIL rates to 18% in India. The classification of food items is on a systematic basis, where the food items with not much of process involved or consumable fresh from farm are kept at NIL rate.
