A four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and
Rates as per CEA |
S.No. |
Class of goods |
Commodities covered |
Rate of tax under current regime |
Rate of tax under GST |
1 |
Lower rate goods |
Steel, cement, iron etc. |
Steel: 5%
Cement: 14.5% |
Steel: 5.5%
Cement: 15% |
2 |
Basic need items |
Milk, wheat, fruits etc. |
Exempt from tax. |
Nil |
3 |
Standard goods |
Garments, watches etc. |
5 – 5.5% |
18% |
4 |
Precious metals |
Gold, diamond, silver etc. |
1 – 2% |
2%-6% |
5 |
Luxury goods |
SUV cars, tobacco, aerated drinks etc. |
28% |
40% |
luxury and de-merits goods that would also attract an additional cess, was decided by the GST Council.
The rates includes both CGST and SGST are as under.
Registered persons supply taxable goods or services, they are required to charge and collect GST. Non-registered persons cannot charge GST on the supplies made by them.