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6/20/2017 GSTtaxratesandGSTslabsinIndia2017

MyLoanCare Tax Gst Gst Rates Slabs Tax Rate India

GST tax rates Loan slabs
and GST Home Loan2017Loan Against Property
in India Business Loan

Probable GST Tax Structure 2017

The GST council, its meetingCar Loan
held More
on 18th May 2017 in Srinagar, has nalized the following tax rates under

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GST rates on Goods New ITR and
Commodities Apply Loan
Essential farm produced mass consumption items like milk, cereals, fruits, vegetable, NIL
jaggery (gur), food grains, rice and wheat
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Common use and mass consumption food items such as spices, tea, coffee, sugar, NIL
vegetable/ mustard oil; newsprint, coal and Indian sweets
Silk and jute bre NIL
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Gold, Silver and Processed Diamonds 3%

Railway freight 5% APPLY NOW

Pharma (Life saving drugs) 5%

Footwear up to Rs. 500 5%

Cotton and natural bre 5%

Packaged foods like pickles, tomato sauce, mustard sauce and fruit preserves 12%

Ayurvedic and homeopathy medicines 12%

Processed foods 12%

Fruit juices, live animals, meats, butter & cheese 12%

Mobile phones 12%

Readymade garments 12%

Computer printers 18%

Footwear above Rs. 500 18%

All FMCG goods like hair oil, soaps, toothpaste and shampoos; chemical and industrial 18%
use intermediaries

LPG stoves, military weapons, electronic toys 18%

Pastries, cakes, pasta, ice creams, soups 18%

Man made bre and yarn 18%

White and brown goods like TV, refrigerator, AC, washing machines, microwave ovens; 28%
soft drinks and aerated beverages

Cement 28% 1/4
6/20/2017 GSTtaxratesandGSTslabsinIndia2017

Commodities GST RATE

Personal Loan Home Loan Loan Against Property Business Loan
Perfumes, revolver, pistols 28%

Chocolates, chewing gum, wafes

Gold Loan containing More
Car Loan chocolate 28%

Luxury and de-merits goods and sin category items e.g. tobacco, pan masala 28% + cess

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Small cars petrol driven
28% + 1% cess
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Small cars diesel driven Online
28% + 5% cess

Cigarettes 28% + 5% cess

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Luxury cars 28% + 15% cess

Heavy bikes, Luxury yachts, private jets 31%

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GST rates for Services
Services GST RATE
Sleeper, metro tickets and seasonal passes NIL

Outsourcing (in industries such as gems and jewellery, textiles) 5%

Railways (AC) 5%

Restaurants with annual turnover less than Rs. 50 lakhs 5%

Cab aggregators like Ola, Uber 5%

Hotels with tariff Rs. 1,000 - 2,500 12%

Non-AC restaurants without liquor license 12%

Real estate (Work contracts) 12%

State run lotteries 12%

Airlines (Business class) 18%

Telecom, nancial service 18%

Hotel room tariff Rs. 2,500 - 7,500 18%

Hotel room tariff above Rs.7,500 28%

AC restaurants with liquor license 18%

Movie tickets below Rs. 100 18%

Movie tickets above Rs. 100 28%

5 star hotels 28%

State authorized lotteries 28% 2/4
6/20/2017 GSTtaxratesandGSTslabsinIndia2017

A four tier GST tax structure as above has been proposed by the GST Council. Keeping zero or very low rates for
essential foodPersonal Loanmakes Home
items which Loanof the consumer
up the half Loan Against Property
basket Business
will ensure that there isLoan
no widespread
ination due to implementation of revised tax slabs under GST. At the same time, luxury goods and negative
items would be taxed at a signicantly higher rate so as to ensure revenue neutrality for central and state
once Loan Car
the new GST Loan
tax More
rates are implemented.
An additional concessional GST tax slab is likely to be implemented for gold and other precious metals that

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currently attract only 1% VAT.
New ITR and
than existingApply
The proposed GST rates are likely to ease burden on common man as the rates are lower2017 tax on Loan
most mass consumption items. Finance Minister Mr. Arun Jaitley has expressed condence that GST willOnline
not be
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For more Information Upto

What is GST Rs.5,000

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Type of GST Service

GST Registration Process


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6/20/2017 GSTtaxratesandGSTslabsinIndia2017

Tax Slabs 2017-18

Personal Loan Home Loan Loan Against Property Business Loan

Select ITR Forms

Gold Loan Car Loan More
How To File ITR Online

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New ITR and
Capital Gains Tax On Property Forms
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Capital Gains Tax On Gold
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Income Tax Deduction, Exemptions Upto

Taxable, Non Taxable allowances
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HRA And Home Loan Deductions

Rebate On Income From Property

Advance Tax

TDS Slabs 2017

Tax Free Income

Tax on Debt Mutual Funds

Capital Gains Tax On Shares

TDS on Rent

Presumptive Tax Rate Scheme 44

Income Tax Challan for Depositing Tax Online

GST Registration Process

GST Rates Slabs

Income Tax Form 16 Online

What is GST

Types of GST 4/4