GST (Goods and Service Tax) is a single tax on the supply of goods and services, right from the manufacturer to the end consumer. There are 4 different GST rates applicable on the goods and services in India.
Let’s learn about the latest GST rates in 2024.
GST Rates 2024
There are 4 tax slabs for the taxpayers registered under GST. The following GST rates are applicable throughout the country and on all the goods and services*:
GST Slab | Tax Rate |
Slab 1 | 0% |
Slab 2 | 5% |
Slab 3 | 12% |
Slab 3 | 18% |
Slab 4 | 28% |
GST Rates on Goods and Services 2024
The GST council has fitted over 1400 goods and 500 services under four different GST slabs of 5%, 12%, 18% and 28% under the GST Act. This is aside from the tax on Gold which is kept at 3%, and rough and semi-precious stones that are placed at a special GST rate of 0.25%.
The following are the common goods included in the gambit of GST:
Items under 0% GST Rates 2024
Category | Tax Rates |
Fresh Milk and Cream | 0% |
Curd, Lassi, Butter Milk | 0% |
Chena or Paneer | 0% |
Eggs | 0% |
Natural Honey | 0% |
Fruits and Vegetables | 0% |
Dates and Nuts | 0% |
Coffee Beans | 0% |
Unprocessed green leaves of tea | 0% |
Rice, wheat, maize and other grains | 0% |
Jaggery, Khandsari Sugar, Rab | 0% |
Firewood or fuel wood | 0% |
Handloom | 0% |
Indigenous handmade musical instruments | 0% |
Puja Samagri | 0% |
Items under 5% GST Rates 2024
Category | Tax Rates |
Food and Beverages in Cinema Halls | 5% |
Uncooked, Unfried, and Extruded Snack Palettes | 5% |
Imitation Zari Thread or Yarn | 5% |
Fish Soluble Paste | 5% |
LD Slag | 5% |
Natural gums | 5% |
Mehendi paste in cones | 5% |
Edible Oil | 5% |
Cocoa Beans | 5% |
Pizza bread | 5% |
Namkeens,bhujia and mixture | 5% |
Tobacco leaves | 5% |
Natural graphite | 5% |
Building stone | 5% |
Fly ash, Bio gas | 5% |
Natural rubber | 5% |
Silk yarn | 5% |
Cotton sewing thread | 5% |
Coir mats | 5% |
Carriages for disabled persons | 5% |
Fishing vessels | 5% |
Aircraft MRO services | 5% |
Items under 12% GST Rates 2024
Category | Tax Rates |
Condensed milk | 12% |
Dried Nuts | 12% |
Wool grease | 12% |
Roasted chicory | 12% |
Soya milk drinks | 12% |
Granite blocks | 12% |
Surgical rubber gloves | 12% |
Idols of wood | 12% |
Bamboo flooring | 12% |
Household articles of aluminium | 12% |
Nozzles for drip irrigation equipment | 12% |
Bicycles | 12% |
Contact lenses,Spectacle lenses and Frames | 12% |
Umbrellas | 12% |
Items under 18% GST Rates 2024
Category | Tax Rates |
TV upto 27 inches | 18% |
Mobile phones | 18% |
Washing Machine | 18% |
Refrigerator | 18% |
Geyser, Cooler and Fan | 18% |
Electric Applicances | 18% |
LPG Stoves | 18% |
Vacuum Vessels and Flasks | 18% |
Static Converters | 18% |
Vegetable waxes | 18% |
Cocoa butter, fat and oil | 18% |
Chocolates and other food preparations | 18% |
cakes, biscuits and bakers’ wares | 18% |
Ice cream and other edible ice | 18% |
Non-alcoholic beverage | 18% |
Metal ores and Concentrates | 18% |
Tar distilled from coal | 18% |
Beauty or make-up preparations | 18% |
Shaving Preparations, soaps & deodorants | 18% |
Polishes and creams | 18% |
Toilet paper and similar paper | 18% |
Cigarette Filter rods | 18% |
Electronic Toys | 18% |
Bearings | 18% |
Items under 28% GST Rates
Category | Tax Rates |
Online Gaming | 28% |
Molasses | 28% |
Caffeinated Beverages | 28% |
Carbonated Beverages | 28% |
Cigars, cheroots, and cigarillos | 28% |
Pumps for dispensing fuel | 28% |
Air-conditioning machines | 28% |
Aircrafts for personal use | 28% |
Smoking pipes | 28% |
Detailed GST Slabs
GST Slab with 5% tax
There are 14% of goods and services that fall under this category. Some of the items are the cream, milk powder, branded paneer, frozen vegetables, tea, coffee, spices, pizza bread, cashew nut, cashew nut in shell, raisin, ice, fish fillet, coal, medicine, revenue stamps, fertilizers, rail and economy air tickets, and small restaurants.
GST Slab with 12% tax
There are 17% of goods and services that fall under this category. Some of the items are the butter, cheese, dry fruits, animal fat, fruit juices, namkeen, ketchup and sauces, ayurvedic medicines, indoor games, non-AC restaurants, and business class air tickets, cellphones, spoons, tooth powder, sewing machine, and so on.
GST Slab with 18% tax
There are 43% of goods and services that fall under this category. Some of the items are the biscuits, pasta, cakes and pastries, jams, preserved vegetables, ice creams, mineral water, footwear costing more than INR 500, camera, speakers, monitors, printers, electrical transformer, tissues, optical fibre, sanitary napkins, notebooks, steel products, aluminum foil, bamboo furniture, AC restaurants that serve alcohol, five start or luxury hotels, IT services, telecom services, financial services, and so on.
GST Slab with 28% tax
There are 19% of the goods and services that fall under this category. Some of the items are the cigarettes, caffeinated beverages, cars, two-wheelers, washing machines, cement, paint, air conditioners, the dishwashing machine, yachts, aircraft, aerated beverages, and so on.
Frequently Asked Questions (FAQs)
No. Salt does not attract any GST.
No. Fresh vegetables that are not packed and preserved (not suitable for immediate consumption) do not attract GST.
The GST rate on gold is 3% of its value. If the gold is transformed into jewellery, an additional 5% GST is levied on the making costs.
There is no GST on sanitary pads and tampons.
Also read about Basics of GST, on Investment Simplified.