A Quick Glance at the Tax Rates Before and After GST

This comprehensive list of rates of products and services before and after GST will help you plan your budget.

Azman Usmani
India
Published:
The new tax reform was launched with much pomp and fervour at the Parliament on 30 June, at midnight.
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The new tax reform was launched with much pomp and fervour at the Parliament on 30 June, at midnight.
(Photo: The Quint)

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(This piece was originally published by BloombergQuint prior to the GST rollout and provides a comprehensive comparison of the rates of products and services before and after the new tax reform.)

Rates for most items and services under the Goods and Services Tax have been finalised in the two-day meeting of the GST Council that ended on Friday. While the rates on key daily use items like sugar, tea and hair oil have come down, they have been increased for luxury and sin products. Eating out in a five-star restaurant will be taxed at the highest bracket.

BloombergQuint, in collaboration with tax consultancy SKP Business Consulting LLP, breaks down how the rates under GST compare with the current tax structure. The calculations took into account Maharashtra VAT, which means existing rates may vary for other states. Here’s the list:

Toothpaste, Branded Cereals May Cost More

(Photo: BloombergQuint)

Rates Up For Mobile Phones, Refrigerators

(Photo: BloombergQuint)

Shampoos, Perfumes May Cost More

(Photo: BloombergQuint)

Higher Rates On Electrical Hot Plates

(Photo: BloombergQuint)
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Wallpaper, Paints In Highest Slab

(Photo: BloombergQuint)

Fresh Milk, Vegetables Exempt

(Photo: BloombergQuint)

No Tax On Condoms, Human Blood

(Photo: BloombergQuint)

Lower Tax On Kerosene

(Photo: BloombergQuint)

Plastic Products To Cost More

(Photo: BloombergQuint)

Eating Out, Phone Calls Costlier

(Photo: BloombergQuint)

(This piece was originally published by BloombergQuint and has been re-published with permission.)

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