GST SLABS AND

COLLECTIONS
 GOODS AND SERVICE TAX (GST)

GST is a new form of tax that seeks to replace all central and state taxes and levies such
EDIT IN POWERPOINT®
as excise duty, countervailing duty, service tax, value added tax,octroi, entry tax and
luxury tax. Goods and service should be taxed basedClick on
on the
thebutton
valueunder the presentation
addition at each stage
preview that says "Download as PowerPoint
and not based on the gross value of goods or services billed at each stage. further,tax
template". You will get a .pptx file that you
should be eventually borne at the point of consumption
can edit rather than at the point of
in PowerPoint.
production, though the tax department must be able to track value addition at each step
Remember to download and install the fonts
and collect tax proportionate to the value added at each
used stage.
in this presentation (you’ll find the links
to the font files needed in the
Presentation design slide)

GST is a single tax right from the manufacturer or service provider to the consumer.
In this system, taxes paid at each stage will be credited in the subsequent stage of value
addition. Thus, goods and service tax charged by the final dealer ( seller or service
provider) is the final tax borne by the customer, with set off of all taxes paid at all
 GST SLAB RATES IN INDIA

0.05 Frozen vegetables, fertilisers, Newspaper printing,

spices, plastic waste. takeaway food restaurants.

0.12 Ghee, nuts, fruits, pouches, Temporary basis IP rights,

purses and handbags. building construction for sale.

0.18 Washing machine, camera, Outdoor catering, IT services,

shampoo telecom services.

0.28 Sunscreen, motorcycle, pan Cinema, food/drinks/stay at

masala AC five star hotel.
 GST SLAB RATES AND COLLECTION

• GST SLAB OF 5% : under this slab, the goods of

basic amenities are covered such as sugar, oil,
spices, coffee, coal, fertilisers, tea, ayurvedic
medicines, sliced dry mango, cashew nuts, sweets,
handmade carpets. The services under this slab
include railways, airways, takeaway food with tariff
less than rs.7500 and special flights for pilgrims.
• GST SLAB OF 12%: under this slab, products like
cell phone, sewing machine, umbrella, jewellery
box, along with the processed foods like frozen
• GST SLAB OF 18%: under this slab products like
hair oil, safety glass, pasta, pastries, ice-cream,
mineral water, detergent, leather clothing, furniture,
stationery items, video games are covered. The
services under this slab include restaurants within
Hotels whose tariffs are above rs.7500, actual hotel
bill below rs.7500.
• GST SLAB RATES OF 28%: under this slab, over
200 products are covered like cars, durable
consumer products, high-end motor cycle, cements
are covered. The services under this slab includes