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Friday, June 30, 2017

GST : List of items in the 18% slab

List of items in the 18% slab
The list of items in the 18% slab will be divided into two sections. The first section is the goods section and will name the various items that will be in this slab. However, the second section shall include the names of the various services that will be affected and has been put in the 18% slab.
The products under the 18% slab are:
  • Trademark
  • Bidi Patta
  • Goodwill
  • Software
  • Biscuits (all categories)
  • flavoured refined sugar
  • pasta
  • pastries and cakes
  • preserved vegetables
  • jams and sauces
  • soups
  • ice cream
  • instant food mixes
  • mineral water
  • tissues
  • envelopes
  • tampons
  • notebooks
  • steel products
  • printed circuits
  • camera
  • speakers and monitors
  • Kajal pencil sticks
  • Headgear and parts thereof,
  • Aluminium foil,
  • Weighing Machinery [other than electric or electronic weighing machinery],
  • Printers [other than multifunction printers],
  • Electrical Transformer,
  • CCTV,
  • Optical Fiber,
  • Bamboo furniture
  • Swimming pools and padding pools
  • Curry paste;
  • mayonnaise
  • salad dressings;
  • mixed condiments and
  • mixed seasonings
  • Footwear costing more than RS. 500
Now coming to the Services part, the top service to be taxed in accordance with the 18 percent slab are:
  • AC hotels that serve alcohol
  • telecom services
  • IT services
  • branded garments
  • financial services
Notably, Rooms with tariff between Rs 2,500 and Rs 7,500 will attract 18 percent of GST, while restaurants in Five-star hotels will also be charged according to the 18 percent slab.
with thanks : : LINK : for detailed news

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