What is GST Rates

New GST rates in Delhi have been introduced. So take the GST registration for your product & service business as early as possible with help of experts at Tax Home. VISIT AT : http://www.taxhome.in/

As soon as the GST rates were announced a huge wave of curiosity hit across industry and trade bodies. Everyone is evaluating their position as a result of this change. So in this article, we bring you our analysis of these GST rates.

As per 25th GST Council meeting on 18th January 2018

*Note that Rate changes, Exemptions and other proposals made shall be given effect once the Notifications are issued for the same.

Rates for 29 Goods and 53 Services have been revised*. 

• Goods taxed at 0%- Vibhuti, De-oiled rice bran and parts used to manufacture hearing aids
• Reduced from 28% to 18%- Old and used motor vehicles [medium and large cars and SUVs] without ITC, Public transport Buses that run on Biofuel, Services of joy rides, Go-karting
• Reduced from 28% to 12% �"Old and used motor vehicles [other than medium and large cars and SUVs] without ITC
• Reduced from 18% to 12% �"Drinking water packed in 20 litres bottles, Drip irrigation system, sprinklers, Biodiesel, Sugar boiled Confectionery, Services of construction of metro / mono-rail, mining of petrol crude
• Reduced from 18% to 5% �"LPG for household use, Tamarind Kernel Powder, Mehendi paste in cones, Raw materials and Consumables needed for Launch vehicles/satellites, Services of Tailoring
• Reduced from 12% to 5%-Velvet fabric( Without Refund of ITC), Articles of straw, of esparto or of other plaiting materials
• Reduced from 3% to 0.25%-Diamonds and precious stones
• Rate Increased from 0% to 5%-Rice bran (other than de-oiled rice bran)
• Rate Increased from 12% to 18%-Cigarette filter rods
• Services included in the Exemption List: 
  • Providing information under RTI Act, 2005
  • Legal services provided to Government
  • Admission to, or conduct of examination provided to all educational institutions including any service of conducting entrance examinations  on collection of entrance fees

New GST rates in Delhi have been introduced. So take the GST registration for your product and service business as early as possible with the help of experts at Tax Home. It is the best Tax consultant in Delhi, which will help you with registration at the best GST rates in Delhi. Tax Home is a leading GST consultant firm, where you can enroll for the best finance and tax related services. 

VISIT AT : 

http://www.taxhome.in/gst-registration