List of Goods and Service Tax Rates, Slab and Revision
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GST Rates in India 2024 - Explore updated GST rates for the list of products under various slabs of 0%, 5%, 12%, 18% & 28%. Find item-specific GST rates for food, clothes, gadgets, and more at Cleartax.
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GST rates list is crucial for every Indian business and consumer to know. When the GST Council revises GST rates, it hits respective industries, trade bodies and end consumers, impacting the economy. Everyone tends to evaluate their position as a result of this change. Our HSN cum GST rates finder helps you identify the accurate and latest GST rate applicable for the product/service.

In this article, learn the meaning of GST rate and get all the latest updates on GST rates in India 2024.

Latest updates

23rd July 2024

Based on the recommendation of the GST Council in its 53rd meeting, In the Union Budget 2024, the Finance Minister proposed to exempt GST Compensation Cess with effect from 1st July, 2017 on imports in SEZ by SEZ units or developers for authorized operations.

*This will come into force once notified by the CBIC.

Meaning of GST Rates

GST rates refer to the percentage rates of tax imposed on the sale of goods or services under the CGST, SGST and IGST Acts. A business registered under the GST law must issue invoices with GST amounts charged on the value of supply.

The GST rates in CGST and SGST (For intrastate transactions) are approximately the same. Whereas, the GST rate in the case of IGST (For interstate transactions) is approximately the sum total of CGST and SGST rate.

Types of GST Rates and GST Rate structure in India

The primary GST slabs for any regular taxpayers are presently pegged at 0% (nil-rated), 5%, 12%, 18% & 28%. There are a few lesser-used GST rates such as 3% and 0.25%.

Also, the composition taxable persons must pay GST at lower or nominal rates such as 1.5% or 5% or 6% on their turnover. There is a concept of TDS and TCS under GST as well, whose rates are 2% and 1% respectively.

These are the total GST rate of IGST for interstate supply or the addition of both CGST and SGST for intrastate supply. The GST rates shall be multiplied by the assessable value of the supply to arrive at the GST amounts in a tax invoice.

Further, the GST law levies cess in addition to the above GST rates on the sale of some items such as cigarettes, tobacco, aerated water, petrol, and motor vehicles, rates widely varying from 1% to 204%.

The GST rate structure for some of the commonly-used consumable products is given in the below table. For more items, type in the item you wish to know the GST rate of by visiting our HSN code & GST rates finder.

What are the GST rates in India 2024?

In 2024, the 53rd GST Council meeting happened after the Lok sabha elections and due to this, there was a delay in holding the meeting. Quite a few rate revisions were announced. More are expected in the upcoming meetings. Some were done to correct the prevailing inverted tax structure, whereas a few were revised for revenue augmentation. The following sections cover the summarised details of changes to GST rates in India with the new GST rates 2024.

GST Rate Changes at 53rd GST Council meeting

The folowing table summarises the GST rate revisions:

GST Rate Changes at 52nd GST Council meeting

GST Rate changes on goods

Millet flour in powder form is blended with any other atta with 70% composition of millets under (HS1901) to attract 0% GST if sold loose and 5% GST if sold pre-packaged and labelled.

GST on molasses has been reduced from 28% to 5%.

GST on ENA for industrial use to attract 18% by a separate tariff HS code.

5% GST on imitation zari thread or yarn made out of metallised polyester film or plastic film (HS 5605) without refund due to inversion.

GST Rate changes on services

GST exempted on water supply services, public health, etc., supplied to the government authorities, including composite services with up to 25% of the above services.

A conditional IGST exemption is given to a foreign flag and foreign going vessel when it converts to coastal run subject to its reconversion in six months.

GST exempted on pure and composite services to Central/State/UT governments and local authorities for Panchayat/Municipality functions.

Bus operator companies selling through e-commerce are excluded from CGST Section 9(5) to allow them to pay GST and avail ITC claims.

All services provided by Indian Railways will be subjected to forward charge, with ITC available for discharging liabilities.

GST Rate Changes at 50th GST Council meeting

Recommendations with regard to GST on goods

The GST Council took a decision to reduce the GST rates on the following goods:

Uncooked /unfried snack pellets reduced from 18% to 5%

Fish soluble paste reduced from 18% to 5%

Imitation zari threads/yarn reduced from 12% to 5%

LD slag to be at par with blast furnace slag and fly ash and reduced from 18% to 5%

There is an IGST exemption on Dinutuximab (Quarziba) medicine when imported for personal use, as well as medicines and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases, and FSMP when imported by Centres of Excellence for Rare Diseases or any person or institution on recommendation of any of the listed Centres of Excellence.

It was clarified that the supply of raw cotton by agriculturists to cooperatives, including kala cotton, is taxable under reverse charge mechanism.

It was further decided to regularise issues relating to past periods on an “as is basis” with regard to

Raw cotton,

Matters relating to trauma, spine and arthroplasty implants (for the period prior to 18.07.2022),

Matters relating to dessicated coconut (for the period 1.7.2017 to 27.7.2017),

GST on plates and cups made of areca leaves (prior to 01.10.2019), and

GST on biomass briquettes (for the period 01.7.2017 to 12.10.2017)

It was decided to amend Entry 52B in the compensation cess notification to include all utility vehicles, by whatever name called, provided they meet the following parameters-

Length exceeding 4000 mm,

Engine capacity exceeding 1500 cc, and

A ground clearance of 170 mm and above (in an unladen condition)

It was decided that on pan masala, tobacco products etc, where it is not legally required to declare the retail sale price, the ad valorem rate applicable on 31st March 2023 may be notified for the levy of compensation cess.

It was decided to include RBL Bank and ICBC bank in the list of specified banks for which an IGST exemption is available on the imports of gold, silver, or platinum.

2. Recommendations with regard to GST on services

It was decided that a GST exemption would be provided on satellite launch services supplied by ISRO, Antrix Corporation Limited and New Space India Limited (NSIL), and may be extended to such services supplied by other private organisations too.

As a trade-friendly measure, GTAs will not be required to file a declaration for paying GST under forward charge every year. If the option has been exercised for a particular financial year, it will be deemed to have been exercised for the next and future financial years unless a declaration is filed to revert that decision. The deadline to exercise this option will now be 31st March of the preceding financial year instead of 15th March.

It was clarified that services supplied by a director of a company to the company in their personal or private capacity will not be taxable under RCM.

It was clarified that the supply of food and beverages in cinema halls is taxable as a restaurant service if they are supplied by way of or as part of a service and supplied independently of the cinema exhibition service. If clubbed together and the same satisfies the test of composite supply, the entire supply will attract GST at the rate applicable to the service of exhibition of cinema, the principal supply.

GST Rate Changes at 49th GST Council meeting

Key GST rate revisions

The 49th GST Council meeting took place on 18th February 2023 to recommend certain GST rate revisions as follows-

*To apply from 1st March 2023 as per the CGST (Rate) notifications issued on 28th February 2023

^To apply with effect from a date yet to be notified by the CBIC.

Other key GST rate related decisions

The matter of MUV classification to be in line with SUVs could not be taken up due to paucity of time.

GST on cement did not come up with the fitment committee for further study; may be on the list of next Council meet.

No consensus reached for GST rate cut on millet-based health products and needs more discussions.

Services such as renting the premises for commercial use to local bodies and others provided by registrars of courts/tribunals will attract GST on reverse charge with effect from 1st March 2023 as per the CGST (Rate) Notification no. 2/2023 dated 28th February 2023.

GST Rate Changes at 48th GST Council meeting

At the 48th GST Council meeting held on 17th December 2022, the following changes were recommended by the GST Council and notified by CBIC to apply from 1st January 2023-

*Intervening period beginning from 3rd August 2022, as per the Circular clarifying levy, will be regularised.

Clarifications on tax rates for the supply of goods and services are as follows-

Rab, also called rab-salawat, is classified under HSN code 1702, and a GST rate of 18% gets charged.

GST at 18% is charged on "fryums" made using extrusion, specifically covered under HSN code 19059030.

Cess on SUV at 22% shall apply if 4 criteria are satisfied-

Popularly known as SUV,

The engine capacity of more than 1500 cc,

Length more than 4000 mm and

Ground clearance equal to or more than 170 mm

5% GST is levied on imported equipment or goods categorised in the concessional 5% GST rate category for petroleum operations, and 12% GST applies if the general GST rate is higher than 12%.

No GST is levied if the residential dwelling is rented to a GST-registered person in their personal capacity for their own use/account as a residence and not for business.

Incentives given to banks by the Central Government as a subsidy under the promotion of RuPay Debit Cards and low-value BHIM-UPI transaction schemes do not attract GST.

GST Rate Changes from 18th July 2022

The government issued nine Central Tax (Rate) notifications number 03/2022 to 11/2022 on 13th July 2022. These GST rate changes will apply from 18th July 2022. Further, exemptions were withdrawn on a few daily essentials. The government notified revised rates for items that faced an inverted tax structure. Also, the taxman notified changes in the applicability of the reverse charge mechanism for certain services. Take a glimpse of the below GST rate chart revised by the notification.

GST Rate revision in 47th GST Council Meeting

The 47th GST council meeting was held on 28th and 29th June 2022. The following decisions were taken regarding GST rates, including pruning of the exemption list and correction of the inverted tax structure.

GST rate hikes and cuts

Pruning of GST exemptions

Correction of Inverted tax structure

GST Rate changes from 1st January 2022

(1) New HSN Codes from 2022

Three notifications were issued on 28th December 2021 by the CBIC to align HSN codes with HS-2022 with effect from 1st January 2022. Central Tax (Rate) notification no. 18/2021, Central Tax (Rate) notification no. 19/2021 and Central Tax (Rate) notification no. 20/2021

(2) GST rate changes to correct the inverted tax structure:

GST increased to 12% from 5% for textiles with HSN codes 51, 52, 53, 54, 55, 56, 58, 60, 63 and 64 such as woven as well as knitted fabrics, knitting, saree falls, embroidery works, curtains bed linen and home furnishings. It also includes dyeing services.

The same increase applies to footwear with HSN code 64 valued at or below Rs.1,000 per pair.

Changes were notified vide the Central Tax (Rate) notification no. 14/2021 and 15/2021 dated 18th November 2021, as recommended at the 45th GST Council meeting.

(3) e-Commerce operators to pay GST under Section 9(5) for passenger transport and restaurant services

e-Commerce operators will become liable to pay GST under Section 9(5) for the cab services, carrier services, etc provided for transportation of passengers since they are removed from the list of exemptions. This is notified by the Central Tax (Rate) notification no. 16/2021 dated 18th November 2021.

Further, the transport of passenger service included under Section 9(5) of the CGST Act will also include omnibus and other motor vehicles. Further, cloud kitchens e-commerce operators providing the supply of food will also be included under Section 9(5) and subject to GST. However, it exempts food supply services from premises having hotel accommodation where the declared tariff per unit is at or below Rs.7,500. These two are notified vide the Central Tax (Rate) notification no. 17/2021 dated 18th November 2021.

(4) Other GST rate changes

a) Exempts ‘carriages for disabled persons’ under HSN code 8713 earlier taxed at 12% by the Central Tax (Rate) notification no. 13/2021 dated 27th October 2021. Further, the same notification removed ‘in respect of Information Technology software’ from entry 452P earlier charged 18% GST.

b) Central Tax (Rate) notification no. 15/2021 dated 18th November 2021 removed ‘Governmental Authority or a Government Entity’ from serial 3 being construction services.

c) Key changes are carried out to the description of goods chargeable to GST vide the Central Tax (Rate) notification no. 18/2021 dated 28th December 2021.

d) Key changes are carried out to the description of goods exempt from GST vide the Central Tax (Rate) notification no. 19/2021 dated 28th December 2021.

e) A concessional GST rate of 12% applies to HSN code chapter 4414 instead of earlier 44140000 covering wooden frames having paintings, photos,

mirrors, etc. Also, a concessional GST rate of 12% applies to HSN code 7419 80 instead of earlier 741999 covering art ware related to brass, copper or its alloys, electroplated with nickel/silver.

GST Rate revision in 45th GST Council Meeting

The 45th GST council meeting was held on 17th September 2021 and the following decisions had been taken regarding GST rates.

These have been notified vide Central Tax (Rate) notification nos. 6, 7, 8, 9, 10 and 11/2021 dated 30th September to apply with effect from 1st October 2021.

Central Tax (Rate) notification no. 12/2021 dated 30th September 2021 grants extension to exempt the COVID-19 treating medicines up to 31st December 2021.

GST Rates reduced on Goods & Services:

*With effect from 1st October 2021 subject to the CBIC notification

GST Rates increased on Goods & Services:

*With effect from 1st October 2021 subject to the CBIC notification

GST rate corrections for inverted tax structure:

*With effect from 1st October 2021 subject to the CBIC notification

GST Rate revision in 44th GST Council Meeting

The 44th GST council meeting was held on 12th June 2021 and the following decisions had been taken regarding GST rates effective up to 30th September 2021.

These were notified vide the Central Tax(Rate) notification no. 04/2021 and 05/2021 dated 14th June 2021.

Medicines required for COVID-19 & Black Fungus treatment:

Medical equipment required for COVID treatment:

COVID-19 testing kits and items utilised for the prevention of COVID-19:

Others:

GST Rate revision in 42nd GST council meeting

The 42nd GST council meeting was held on 5th October 2020 and the following decisions have been taken regarding GST rates.

GST exemption provided to satellite launch services by ISRO, Antrix Corporation and New Space India Limite (NSIL) to encourage the space launching services in India.

The non-alcohol based sanitisers will continue to be taxed at an 18% GST rate.

GST Rate revision in 39th GST council meeting

39th GST Council meeting was held on 14th March 2020, Saturday at New Delhi. Read all the highlights on 39th GST Council Meeting.

The following are the rate cuts announced at the 39th GST Council meeting:

The rate changes are effective from 1 April 2020

GST Rate revision in 38th GST council meeting

38th GST Council meeting was held on 18th December 2019, Wednesday at New Delhi. Read all the highlights on 38th GST Council Meeting.

The following are the rate cuts announced at the 38th GST Council meeting:

GST rate changes will apply from 1st March 2020 for lottery and from 1 January 2020 for bags and sacks.

GST Rate revision in 37th GST council meeting

GST Council had its 37th meet held at Goa on Friday (20th September 2019). Read all the highlights on 37th GST Council Meeting.

The following are the rate cuts announced at the 37th GST Council meeting:

GST Rate Revision effective from 1st October 2019

*Hydrocarbon Exploration Licensing Policy

GST Exemption available for:

Supplies to FIFA- specified persons for the Under-17 Women’s Football World Cup in India

Supply to the Food and Agriculture Organisation (FAO) for specified projects in India

Imports of certain defence goods not made indigenously (up to 2024)

Supply of silver/platinum by specified agencies (Diamond India Ltd) for export

Import of Silver or Platinum by specified agencies (Diamond India Ltd)

GST Rate revision in 36th GST council meeting

GST Council had its 36th meet via video conference on Saturday (27th July 2019). Read all the highlights on 36th GST Council Meeting..

The following are the rate cuts announced at the 36th GST Council meeting:

A full exemption is given to hiring of e-buses(seating capacity exceeds 12 passengers) by local authorities

Note: Will come into effect from 1 August 2019 after the CBIC notification

GST Rate revision in 33rd GST council meeting

The latest meeting-33rd GST Council meeting is rescheduled on 24th February 2019 from earlier date 20th February 2019.

It was chaired by Finance Minister Arun Jaitley. Real estate was in limelight.

This is the first one after the Interim Budget 2019.

The GST rates were slashed on the under-construction houses without ITC benefit; No changes to GST Rate on lottery or Cement.

GST Rate revision in 31st GST council meeting

31st GST Council meeting was held on 22nd December 2018. GST Rates for 23 Goods and 3 Services has been revised*.

Here is a summarised version of the list of rate cuts on both Goods and Services:

*For travel by non-scheduled/chartered operations for religious pilgrimage which are facilitated by GoI under bi-lateral agreements. Others: -GST on the composite supply of goods attracting 5% GST rate where it is supplied along with the supply of construction services and other goods for solar power plant, is now levied as follows:

70% of value is considered as supply of goods and taxed at 5% GST.

Remaining 30% of the EPC contract value is supply of service and attracts standard tax rate for service.

-Rate of 5%/18% to be applied based on transaction value of footwear. -Uniform GST rate of 12% on Flexible Intermediate Bulk Container (FIBC) from existing 5%/12% (depending on the value).

Goods recommended for exemption

Supply of gold by Nominated Agencies to exporters of article of gold Jewellery.

Proceeds received by Government from auction of gifts received by President, Prime Minister, Governor or Chief Minister of a State and public servants, the proceeds of which is used for public or charitable cause.

Vehicles imported for temporary purposes under the Customs Convention on the Temporary importation of Private Road Vehicles (carnet de passages-en-douane) will be exempt from IGST and Compensation cess.

Services recommended for exemption

Services supplied by banks to Basic Saving Bank Deposit (BSBD) account holders under Pradhan Mantri Jan Dhan Yojana (PMJDY)

Services supplied by rehabilitation professionals recognised under Rehabilitation Council of India Act, 1992 at hospitals, schools or rehabilitation centres established by Government or charitable institute registered under Section 12AA of The Income tax Act,1961.

Loan guarantee services provided by Government to its undertakings and PSUs for bank loans.

GST Rate revision in 28th GST council meeting

28th GST Council Meeting was held on 21st July 2018. GST Rates for 45 Goods and 2 Services has been revised*.

Recent GST Rate Changes on Goods

List of Goods Exempt

Recent GST Rate Changes on Services

GST Rate revision in 25th GST council meeting

25th GST Council meeting on 18th January 2018

GST council has made the much-awaited announcements around tax rates on various categories of goods on 18th January 2018 at Vigyan Bhavan, Delhi. There has been hype around these rates for a while and now these GST rates are finally in the public domain!

GST Rates for 29 Goods and 53 Services were revised*. Click here to read all updates of the meet.

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 feesAdmission to, or conduct of examination provided to all educational institutions including any service of conducting entrance examinations on collection of entrance fees

GST Rate revision in 23rd GST council meeting

In addition to the above, a few other items were mentioned in the Council’s announcement of GST rates. These items and the applicable GST rates on them are as follows:

Goods under GST Slabs

5% Tax Slab

Sugar, Tea, Coffee and Edible oil will fall under the 5 % slab, while cereals, milk will be part of the exempt list under GST. This is to ensure that basic goods are available at affordable prices. However, instant food has been kept outside this bracket so, no relief for Maggie lovers!

Coal to be taxed at 5 % against the current 11.69 %. This will prove beneficial for the power sector and heavy industries which rely on coal supply. This will also help curb inflation. Expect a good run for Coal India tomorrow.

The ‘mithai’ from the neighbouring sweet shop might lose some of its flavors as Indian sweets will now be taxable at 5 %. If you have a sweet tooth, this could hurt your pocket a wee bit in the coming days.

18% Tax slab

Toothpaste, hair oil, and soaps will all be taxed at 18 %, where currently they are taxed at 28 % Most of the cosmetics and fast-moving consumer goods (FMCG) brands should get the benefit of this tax reduction. After all, Fair and Lovely might seem fairer in its pricing from now on!

The Council has set the rate for capital goods and industrial intermediate items at 18 per cent. This will positively impact domestic manufacturers as seamless input credit will be available for all capital goods. Indeed, it is time for “Make In India”.

Services under GST Slabs

for restaurants serving alcohol, the tax bracket will be 18 per cent

education, healthcare are going to be exempted from GST

services on Non-AC restaurants will be 12%.

GST Rates for goods and services with HSN Chapters

If you want to know more about the GST rates & HSN codes according to the HSN chapters, please check the below table.

Further Reading on GST Rates Slab