Detailed List of GST Rates 2017 in India PDF:
Our Beloved Finance Minister Mr. Arun Jaitley, who was currently in Singapore for a meeting on Tax rates has finalized the GST Rates 2017. The GST council has announced that the new rules will be scheduled from 1st July 2017. The complete details of the GST bill can be grabbed from the careersplus.in website, have a look on it. It is hard that overall 1211 goods have GST bill. The Government has kept 18% tax for large number of items.
There won’t be any tax for items such as Meat, Eggs, Butter, Milk, Chicken, Curd, Fresh Fruits, Prasad, Flour, Salt, Judicial Papers, Newspapers, Handloom, Bangles, Sindoor, Bread, Stamps, etc.
Products such as Fish Fillet, Skimmed Milk Powder, Frozen Vegetables, Tea, Sabudana, Pizza Bread, Medicines has increased tax upto 5%, while it is 12% for Frozen meat Products, Ghee, Dry Fruits, Cheese, Butter, Fruit Juices, Tooth Powder, Agarbatti, and Cellphones. Products such as Molasses, Deodorants, Paint, After Shave, Pan Masala, Chewing Gum, Washing Machine, ATM, Vacuum Cleaner and Motorcycles etc.
The conclusion of the GST Bill is to increase the ase which make the Indian market more competitive with various enterprises let it be Large & Small scale sectors. The GST Rates 2017 has advantages and disadvantages too. Have a look on the page below to get complete details about the GST Rates 2017.