Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates
GST
Dated:- 15-6-2017
The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.
\nIn a majority of supplies of goods, the tax incidence approved by the GST Council is much lower than the present combined indirect tax rates levied [on account of central excise duty rates \/ embedded central excise duty rates \/ service tax post-clearance embedding, VAT rates or weighted average VAT rates, cascading of VAT over excise duty and tax incidence on account of CST, Octroi, En<\/p>\n
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\nPalmyra jaggery
\n24
\n1704
\nSugar confectionery
\n25
\n1902
\nPasta, spaghetti, macaroni, noodles
\n26
\n20
\nFruit and vegetable items and other food products
\n27
\n2001, 2004
\nPickle, Murabba, Chutney
\n28
\n21
\nSweetmeats
\n29
\n2103
\nKetchup & Sauces
\n30
\n2103 30 00
\nMustard Sauce
\n31
\n2103 90 90
\nToppings, spreads and sauces
\n32
\n2106
\nInstant Food Mixes
\n33
\n2106
\nOther pulses bari (mungodi)
\n34
\n22
\nMineral water
\n35
\n2201 90 10
\nIce and snow
\n36
\n25
\nCement
\n37
\n27
\nCoal
\n38
\n27
\nKerosene PDS
\n39
\n27
\nLPG Domestic
\n40
\n30
\nInsulin
\n41
\n33
\nAgarbatti
\n42
\n33
\nTooth powder
\n43
\n33
\nHair oil
\n44
\n33
\nToothpaste
\n45
\n3304 20 00
\nKajal [other than kajal pencil sticks]
\n46
\n34
\nSoap
\n47
\n37
\nX ray films for medical use
\n48
\n3822
\nDiagnostic k<\/p>\n
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\n65
\n68
\nFly ash bricks and fly ash blocks
\n66
\n701510
\nGlasses for corrective spectacles and flint buttons
\n67
\n73
\nLPG Stove
\n68
\n76
\nAluminium foils
\n69
\n8215
\nSpoons, forks, ladles, skimmers, cake servers, fish knives, tongs
\n70
\n84
\nFixed Speed Diesel Engines of power not exceeding 15HP
\n71
\n4011
\nTractor rear tyres and tractor rear tyre tubes
\n72
\n8423 & 9016
\nWeighing Machinery [other than electric and electronic]
\n73
\n8443
\nPrinters [other than multifunction printers]
\n74
\n8521
\nRecorder
\n75
\n8525
\nCCTV
\n76
\n8452
\nSewing Machine
\n77
\n8472
\nStaplers
\n78
\n8703
\nCar for Physically handicapped person
\n79
\n8715
\nBaby carriages
\n80
\n900140, 900150
\nSpectacles Lenses
\n81
\n9002
\nIntraocular lens
\n82
\n9004
\nSpectacles, corrective
\n83
\n91\n<\/p>\n
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