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Understanding Goods and Service Tax GST-Revised Rates PPT Doc

Full List of Goods and Service Tax GST – Revised Rates

The Goods and Service Tax (GST) tax was one of the main things that attracted market attention because of its implications for company profits. The government retained a large number of items less 18% tax slab. The government has categorized 1211 elements in several tax slabs. Here is a low point down on the forged tax that would attract the following elements: Full List of Goods and Service Tax GST – Revised Rates

Complete Details About Goods and Service Tax GST

Understanding Goods and Service Tax GST-Revised Rates PPT Doc 1
Understanding Goods and Service Tax GST-Revised Rates PPT Doc 1

GST: New rates under the GST. Notified There is an insurance benefit in the case of food products, including fresh meat, chicken, fish, eggs, milk, butter, curd, natural honey, fresh fruits and vegetables, flour , Besan, bread makers and consumers as they are exempt. Services in hotels and accommodation under Rs rental. 1000 also express themselves. Transportation services (railways, air transport) also requested small relevant restraurants were subjected to a 5% catgoría. The oil was dispensed in the first edition of declarations.

Goods and Service Tax GST-Revised Rates

Full List of Goods and Service Tax GST – Revised Rates: GST: Appearals below 1000 are taxed 5% while above are taxed 12%. Footwears below Rs. 500 are taxed @5% and above @ 18%. They are also partial benefitcieries.Packaged food will benefit as packaged food items, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices have been put in 5% basket. Transportation would be cheaper by air and Train as it is put in 5% bracket and Business class Air travel is put under 12% which is below current 15%. Non-AC hotels have also been put in 12% bracket.

Goods and Service Tax GST-Revised Rates

But, the AC hotels that serve liquor, telecom services, IT services, branded garments and financial services will become exensive as they have been put under 18% bracket. This is quite surprising that Financial services have been made expensive, when the government is trying to enhance financial inclusiveness.

5 Star will be chrged 28% and interestingly, Cinema will attract 28%.

The complete and updated list: Goods and Service Tax GST-Revised Rates

Gold and rough diamonds are not inserted in the current box of the slab mass and will be taxed in 3% and 0.25% respectively.

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Understanding Goods and Service Tax GST-Revised Rates PPT Doc

Understanding Goods and Service Tax GST-Revised Rates PPT Doc
Understanding Goods and Service Tax GST-Revised Rates PPT Doc

No tax(0%) : Goods and Service Tax GST-Revised Rates
Goods
Collect no taxes on items such as jute, fresh meat, so fish, eggs, milk, butter, curd, natural honey, fresh fruits and vegetables, flour, Besan, bread, prasad, Salt, bindi. Sindoor, stamps, court documents, printed books, newspapers, bracelets, manuseos, etc. Full List of Goods and Service Tax GST – Revised Rates

Services
Hotels and accommodations with rate below Rs 1000, Grandfathering service was exempt from the GST. Precious and semi-precious gifts at a GST rate of 0.25 per cent

Goods and Service Tax GST-Revised Rates: 5%

Goods
Items such as fish net, garments below Rs 1000, food packaging, shoes below Rs 500, cream, skimmed milk powder, brand paneer, frozen vegetables, coffee, tea, spices, bread Pizza, rusks, sabudana, kerosene, coal, medicine. Stent, lifeboats, cashew nuts, cashew nut snail, raisins, ice and snow, bio gas, insulin, agarbatti, comets, postage stamps or postage stamps, stamps, first day caps.

services: Full List of Goods and Service Tax GST – Revised Rates
Transportation services (railways, air transport), small restraurants are in the 5% category because its main entrance is oil that is outside the scope of the GST.

Goods and Service Tax GST-Revised Rates: 12%
Goods

Garments more Rs 1,000 products, frozen meat, butter, cheese, melted butter, packaged nuts, animal fat, sausages, fruit juices, Bhutia, Namkeen, ayurvedic medications, toothpaste, agarbatti, books Coloring, picture books, umbrellas, sewing machines, mobile phones will be under the oven tax of 12%.

services
Non-AC hotels, business class air ticket, fertilisers, Work Contracts.

Goods and Service Tax GST-Revised Rates: 18%

Goods
Most items are under the slab tax which includes shoes costing more than Rs 500, Bidi Patta, Biscuits (all categories), refined sugar flavored pasta, cornflakes, cakes and pastries, canned vegetables, jams, sauces , Soups, ice cream, instant. Food mixes, mineral water, fabrics, envelopes, tampons, notes, steel products, printed circuit boards, camera, speakers and monitors.

services: Full List of Goods and Service Tax GST – Revised Rates
AC Hotels that serve alcoholic beverages, telecommunications, computer services, branded apparel and financial services will attract an 18 percent GST tax.

Goods and Service Tax GST-Revised Rates: 28%
Goods

Bidis, chewing gum, molasses, chocolate does not contain cocoa, waffles and wafers coated with choclate, pan masala, sparkling water, paints, deodorants, shaving creams, aftershave lotion, shampoo, dye for Washing machine, automatic teller machine, vending machines, vacuum cleaners, electric shavers, hair clips, automobiles, motorcycles, airplanes for one personal use

services

5 star hotels, the race of the game clubs, the film

Source: http://mahaudyog.in/?q=content/new-rates-gst-declared

Full List of Goods and Service Tax GST – Revised Rates:

PPT GST  Understanding Goods and Services tax

Full List of GST Revised New Rates

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