Goods and Services Tax is a tax that is applicable whenever someone purchases an item. It is a comprehensive, multistage, destination-based tax and it is decided by the GST Council.
Usually, GST Rates are high for luxury items and low for basic needs like goods, water, etc. GST Rates of items are divided into four different slabs- 0% (nil-rated), 5%, 12%, 18%, & 28% GST.
The GST council meets once every three months and decides the GST rates or important taxation decisions are made. It is headed by the Central finance minister and state finance ministers also the meeting will have various other stakeholders within the Government.
A business that is registered under the GST Act and possesses GST will be calculated as per the prescribed GST rate. In this article, we will discuss the latest GST Rate list, GST Rates Notification, various HSN codes for GST, etc.
GST Rate List (Item Wise & HSN Code)
In the latest GST rate change notification, the GST Council has decided on new tax rates on various items. The following are the rates of GST items wise & respective HSN Codes which will be applicable-
| Category Name | HSN Code | GST Rate |
| Rakhi, Rakhi Thali | 2500 | 0 |
| Printed Books | ||
| Quotation Book, Scrap Book, Autograph Book, Remembrance Book, Slam Book, Record Book | 4901 | 0 |
| Books & Periodicals | 4902 | 0 |
| Drawing Book, Children’s Picture | 4903 | 0 |
| Bangles | 7018 | 0 |
| Handloom | ||
| Handloom Shawls, Scraf, Stole | 8400 | 0 |
| Fresh Flower | 0600 | 0 |
| Incense Stick | 3304 | 0 |
| Imitation Jewellery | ||
| Imitation Jewellery, Crystal Jewellery, Fashion Jewellery, Bracelet,Bands | 7117 | 3 |
| Sweets | 0404 | 5 |
| Paper Sheet, Printed Paper | 4901 | 5 |
| Readymade Garments | 5208 | 5 |
| Readymade Garments, Caps, Tie, T-Shirt | 5208 | 5 |
| Gifts | ||
| Candle | 3406 | 12 |
| Belts | 4203 | 12 |
| Hanging | 4421 | 12 |
| Timer | 4400 | 12 |
| Tray | 4400 | 12 |
| Basket | 4600 | 12 |
| Visitors Book | 4817 | 12 |
| Gift Card | 4817 | 12 |
| Paper Product | 4817 | 12 |
| Stationery Set | 4817 | 12 |
| Quotation-Paper | 4817 | 12 |
| Planner | 4817 | 12 |
| Party Goods | 4817 | 12 |
| Exercise Book | 4817 | 12 |
| Stationery | 4817 | 12 |
| Note Book & Dairy | 4820 | 12 |
| Paper Bag | 4819 | 12 |
| Box | 4819 | 12 |
| Gift Box | 4819 | 12 |
| Jewellery Box | 4819 | 12 |
| Invitation Sheet | 4909 | 12 |
| Poster | 4911 | 12 |
| Shagun Envelope | 4900 | 12 |
| Envelopes | 4900 | 12 |
| Gift Tag | 4909 | 12 |
| Playing Cards | 4909 | 12 |
| Greeting Card | 4909 | 12 |
| Unicef Card & Calendars | 4910 | 12 |
| Calendar | 4910 | 12 |
| Heart Stick | 6600 | 12 |
| Umbrella | 6601 | 12 |
| Knife | 8211 | 12 |
| Address & Telephone Index | 8517 | 12 |
| Mobile Accessories | 8517 | 12 |
| Telephone | 8517 | 12 |
| Dolls | 9503 | 12 |
| Soft Toy | 9503 | 12 |
| Soft Toy | 9503 | 12 |
| Toy S | 9503 | 12 |
| Games | 9503 | 12 |
| Soft Toy | 9503 | 12 |
| X-Mas Santa | 9503 | 12 |
| Book Mark | 9608 | 12 |
| Hair Accessories | 9615 | 12 |
| Writing Instruments | 9608 | 12 |
| Writing Instruments | 9608 | 12 |
| Writing Instruments | 9608 | 12 |
| Writing Instruments | 9608 | 12 |
| Ribbon & Bows | 9701 | 12 |
| Handicraft Item | 9701 | 12 |
| Card Holder | 3926 | 18 |
| Lunch Box | 3923 | 18 |
| Message Pad | 3900 | 18 |
| Money Bank | 3900 | 18 |
| Polyresin | 3924 | 18 |
| Quotation-Others | 3900 | 18 |
| Trinket Box | 3923 | 18 |
| Wallets | 3907 | 18 |
| Pouches-Others | 4000 | 18 |
| Bags – Others | 4202 | 18 |
| Bags – Leather | 4202 | 18 |
| Gift Bag | 4202 | 18 |
| Hand Bag | 4202 | 18 |
| Ladie’s Purses & Bags | 4202 | 18 |
| Party Bag | 4202 | 18 |
| School Bags | 4202 | 18 |
| Clip Board | 4800 | 18 |
| Note Pad Holder | 4800 | 18 |
| Passport Holder | 4800 | 18 |
| Note Pad | 4800 | 18 |
| Organiser Diary | 4800 | 18 |
| Diary | 4800 | 18 |
| File/Clip Folder | 4820 | 18 |
| Letter Pad | 4820 | 18 |
| Stamp Album | 4820 | 18 |
| Coin Album | 4820 | 18 |
| Photo Album | 4820 | 18 |
| Ceramic Mugs | 6912 | 18 |
| Table Set | 6911 | 18 |
| Accessories | 6912 | 18 |
| Bowl | 6912 | 18 |
| Gift Item | 6912 | 18 |
| Gift Set | 6912 | 18 |
| God Figure | 6912 | 18 |
| Show Piece/Statue | 6912 | 18 |
| Vase | 6912 | 18 |
| Bottle | 7323 | 12 |
| Candle Stand | 7323 | 12 |
| Charms | 7018 | 18 |
| Coaster | 7012 | 18 |
| Collectible | 7012 | 18 |
| Cork Screw Set | 7012 | 18 |
| Crystal Show Piece | 7012 | 18 |
| Cufflink | 7323 | 12 |
| Cutter | 7323 | 12 |
| Drinking Glass | 7012 | 18 |
| Glass Items | 7012 | 18 |
| Glassware | 7012 | 18 |
| Hip Flask | 7323 | 12 |
| Sunglasses | 7013 | 18 |
| Water Bottle | 7323 | 12 |
| Badge | 7200 | 18 |
| Button Buddies | 7200 | 18 |
| Opener | 7323 | 12 |
| Steel Finish Products | 7323 | 12 |
| Key Chains | 7323 | 12 |
| Leather Keychain | 7315 | 18 |
| Kitchen Accessories | 7323 | 12 |
| Gold Frame | 8306 | 18 |
| Photo frame | 8306 | 18 |
| Wind Chime | 8306 | 18 |
| Calculator | 8500 | 18 |
| Cd Case | 8500 | 18 |
| Cd’s & Cassettes | 8500 | 18 |
| Electrical Goods | 8500 | 18 |
| Holder | 8500 | 18 |
| Magnet | 8500 | 18 |
| Radio | 8500 | 18 |
| Clock | 9105 | 18 |
| Holi Material | 3204 | 18 |
| Chocolates | 1704 | 28 |
| Cosmetics | 3304 | 28 |
| Indian Fragrance | 3300 | 28 |
| Manicure Set | 3304 | 28 |
| Parfume | 3307 | 28 |
| Bathroom Accessories | 3400 | 28 |
| Balloon | 4016 | 28 |
| Artificial Flowers | 6702 | 28 |
| Mirror | 7009 | 28 |
| Watches | 9101 | 28 |
| Watches Above 5000 | 9101 | 28 |
| Lamp | 9405 | 28 |
| Decoration Material | 9505 | 28 |
| X-Mas Decoration | 9505 | 28 |
| Ashtray | 9614 | 28 |
| Cigarette Case | 9614 | 28 |
| Lighter | 9613 | 28 |
FAQ
Petroleum products like petrol, diesel, ATF, and Natural gas are kept outside of the GST and other taxes are being imposed on the petroleum products.
Purchasing a new card will attract a car GST Rate of 28%. Car is considered a luxury item hence, the taxation on the purchase of the new card is 28%.
The GST on wood and Wood-based products will attract a GST Rate of 12%.
The rate of GST applicable on the purchase of Rice is nil (if you buy it without packaging). In the case of the packaged Rice bag t will attract a GST rate of 5%.
GST levy on Cement is 28%. Cement is an essential element for the development of the infrastructure hence, the GST council recommended a cut in the GST hence, and the decision to reduce the GST Rate has been there for consideration.
The GST Tax rate on mobile devices that you purchase attracts a GST Rate of 18% because it is considered as a luxury item instead of essential.
The GST rate charged by the Hotel accommodation services depends on the tariff per night charged. The following are the tariff charged on the GST-
Tariff per Night (0< Rs.1,000) -No Tax
Rs.1,001 -7,500- 12%
7,500> INR 7,501- 18%
The GST on textile items like clothes is 12% which is fixed. Earlier GST charged on the clothes was 5% which was recently changed to make it 12%.
In case the business is not availing of the Input tax credit then the GST rate applicable to the business is 5%, but, if the transportation business is availing of the Input tax credit then the taxation will be done at 12% GST.
The GST Rate on the purchase of an Air Conditioner is 28% since it is considered to be a luxury item.
The GST on gold items is 3%.
GST on services is taxed at various tax slabs and depends on the type of service provided for IT services the GST is 18% and for educational services, the GST is exempted.
