GST Council decides tax rates for six goods: Here is the list of items

The next meeting of the GST Council will be held on June 11. 

By: Express Web Desk | New Delhi | Published:June 3, 2017 7:29 pm
GST, GST Council meeting, Arun Jaitley, GST tax rates, GST tax rate, GST tax on goods, GST tax rate list, GST Arun Jaitley, Jaitley GST tax, GST news Union Minister for Finance, Defence Arun Jaitley addresses a press conference on three years achievements of NDA-led government at the Centre, in New Delhi on Thursday. PTI Photo

Finance Minister Arun Jaitley on Saturday chaired the 15th meeting of the GST Council which has decided tax rates on six essential items such as gold, textiles and footwear among others. The Council today cleared the pending rules, including transition provisions and returns, with all the states agreeing to July 1 roll out of the Goods and Services Tax. The next meeting of the GST Council will be held on June 11.

Here are the rates decided by the GST Council:

1. Packaged food items sold under registered trademarks will be taxed at 5 per cent.

2. Footwear below Rs 500 to be taxed at 5 per cent, over Rs 500 at 18 per cent.

3. Zero tax for Silk, jute

4. Apparel below Rs 1,000 to be taxed at 5 per cent, over Rs 1,000 to be taxed at 12 per cent

5. Gold to be taxed at 3 per cent and biscuits at 18 per cent, says PTI quoting sources.

6. Cotton and natural fiber will be taxed at 5 per cent and man-made at 18 per cent.

7. Solar panels will be taxed at 5 per cent under GST.

8. Bidis will be taxed at 28 per cent under GST and will not attract any cess, Tendu leaves at 18 per cent.

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  1. A
    Anpurna
    Jul 1, 2017 at 6:52 am
    Is there any gst rate for plastic cement empty bags... Plzzz sir rply fst it is really essential..
    Reply
    1. P
      Pawan Kumar Arora
      Jun 4, 2017 at 7:43 pm
      item rates on cloth, hosiery, handkerchief, all kinds of yarn are not clear
      Reply
      1. A
        ajay prasad
        Jun 4, 2017 at 6:20 am
        Footwear tax should be lower, and rest of the things is ok.
        Reply
        1. C
          ck
          Jun 4, 2017 at 2:33 am
          It is clearly understand that it will bump the market prices, and suffering of peoples This will create negative effect on progress and economy.
          Reply
          1. A
            Ankush
            Jun 3, 2017 at 11:27 pm
            this imp step of make in india
            Reply
            1. S
              shaad
              Jun 3, 2017 at 11:10 pm
              When a lawyer is appointed as a Finance Minister. This is what will happen, zero background in Economics and these people decides the Tax and finance related rules for 1.2 billion people.
              Reply
              1. G
                Ghanashyam
                Jun 3, 2017 at 10:47 pm
                18 for biscuits, 3 for gold. I just wonder? Better eat gold not biscuits.😚😂
                Reply
                1. I
                  IndianAtHeart
                  Jun 3, 2017 at 9:10 pm
                  There is no justification for increasing service tax to 18 . In fact, there is case to bring it down to 12 level. All other cesses like Swatch Bharat etc should be removed.
                  Reply
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