GST : Chapter Wise Rate List

GST RATE SCHEDULE FOR GOODS

[As per discussions in the GST Council Meeting held on 18th May, 2017]

The fitment of rates of goods were discussed on 18th May'2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information was uploaded immediately after the GST Council’s decision and it would be subject to further vetting during which the list may undergo some changes.

GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council. The footnote below the table gives the list of such goods. Good to see the classification of most of the items is based on the principle of VED. (Vital, Essential, Desirable), while deciding the rate & category.

Chapter Wise Rate List : Link (Available at CBEC Website).

http://www.cbec.gov.in/resources//htdocs-cbec/gst/chapter-wise-rate-wise-gst-schedule-18.05.2017.pdf