Considered to be one of the biggest tax reforms since Independence, the Goods and Services Tax is all set to impact the prices of every good and service. Here is a list of the goods and services and the taxes they will attract under the GST regime.
GOODS
Exempted
Milk, eggs, salt, fresh vegetables, fruits, contraceptives, organic manure, earthen pots, coconut, prasadam supplied by religious places like Temples, Mosques, Churches, Gurudwaras and Dargahs, jaggery, bindi, vermilion, glass bangles, handlooms, hearing aids, handmade musical instruments
5% Slab
Coffee (not instant), tea, groundnut, cane sugar, beet sugar, bio gas plant, wind mills, kerosene lantern, coal, hand pumps
12% Slab
Live animals, fruit juices, meat, butter, cheese, mobile phones, fountain pen ink, tooth powder, incense sticks, feeding bottles, braille paper, children's colouring books, umbrellas, pencil sharpeners, tractors, bicycles, contact lenses, spectacle lenses, utensils, sports goods, fishing rods, combs, pencils, hand paintings
18% Slab
Helmets, LPG stoves, nuclear reactors, clocks, military weapons, electronic toys, plastic buttons, condensed milk
28% Slab
Aerated drinks, perfumes, after-shave lotions, deodorants, clothing of fur skin, razor blades, cars, revolvers, pistols
SERVICES
Exempted
Healthcare, education, metro train, local train, religious travel, Haj Yatra
5% Slab
Transport services, Restaurants with turnover of Rs 50 lakh or below, cab aggregators (Ola and Uber), economy class air travel
12% Slab
Non-AC restaurant, hotels with tariff of Rs 1,000-2,500, business class air travel
18% Slab
AC restaurants with liquor licence, telecom, financial services
28% Slab
5-star hotels, race club, betting, cinema halls