Gst Rate

GST (Goods and Services Tax) rate in India is currently 18%. However, there are different rates applicable to different goods and services.

Here is a breakdown of the GST rates in India:

Standard Rate:

• 18% – Applies to most goods and services, including:
  • Most manufactured items
  • Electronics and appliances
  • Motor vehicles
  • Telecommunication services
  • Financial services
  • Hotels and restaurants (except for certain specified items)

Special Rates:

• 12% – Applies to:

  • Certain agricultural products
  • Educational services
  • Books and newspapers
  • Passenger transportation by rail and air

• 5% – Applies to:

  • Certain foods
  • Hybrid electric vehicles
  • Affordable housing

• 2% – Applies to:

  • Certain petroleum products
  • Water and juice

• 1% – Applies to:

  • Some specific items used primarily for religious worship

Note:

• The GST rates were reduced in July 2023 as part of the government’s relief measures to tackle inflation.
• Some items are exempt from GST altogether.
• The GST rates are subject to change, so it is always best to refer to the latest official sources for the most up-to-date information.

Additional Resources:

• GST Rate Chart in India: cbec.gov.in/resources/Rate-Chart/gst-rate-chart.pdf
• GST Rates in India: mytaxindia.gov.in/taxes/goods-and-services-tax/rates