GST Goods and Services Tax

No tax on will be imposed on items like jute, fresh meat, fish, chicken, eggs, milk, butter milk, curd, natural honey, fresh fruits and vegetables, flour, besan, bread, prasad, salt, bindi, sindoor, stamps, judicial papers, printed books, newspapers, bangles, handloom, bones and horn cores, bone grist, bone meal, etc, hoof meal, horn meal, cereal grains hulled, palmyra jaggery, salt -- all types, kaajal, children's picture, drawing or colouring books and human hair.

Above video is about the December 2020's GST collection crossed 1.25 lakhs crore which was all time high in the history of India. The same is briefed by the tax authorities, how it was made possible... 

Above video demonstrates how GST works.

Hotels and lodges with a tariff below Rs 1,000 will also attract no tax. Grandfathering service has also been exempted under the GST. Rough precious and semi-precious stones, however, will attract a GST rate of 0.25 per cent.

Below is a video where nicely briefed about the existing and new taxes

Goods that will attract a tax rate of five (5) percent will include fish fillet, apparel below Rs 1000, packaged food items, footwear below Rs 500, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, sabudana, kerosene, coal, medicines, stents, lifeboats, cashew nut, cashew nut in shell, raisin, ice and snow, bio gas, insulin, agarbatti, kites, postage or revenue stamps, stamp-post marks and first-day covers.

Above video is of an expert briefing and educating about GST. Good one to all concerned

Services that will attract a tax rate of five (5) percent will include transport services (railways, air transport) and small restaurants because their main input is petroleum.

Goods that will attract a tax rate of 12 percent will include apparel above Rs 1000, frozen meat products, butter, cheese, ghee, dry fruits in packaged form, animal fat, sausage, fruit juices, bhutia, namkeen, Ayurvedic medicines, tooth powder, agarbatti, colouring books, picture books, umbrella, sewing machine, cell phones, ketchup and sauces, all diagnostic kits and reagents, exercise books and note books, spoons, forks, ladles, skimmers, cake servers, fish knives, tongs, spectacles, corrective, playing cards, chess board and carom.

To read the article in the form of a suggestion (about amendment of tax system to curb black money and tax evading) send to PMO and Finance ministry click this link... or copy paste the link 
https://sudeshdjvindia.blogspot.in/2016/12/sales-tax-refund-system-best-option.html

Services that will attract a tax rate of 12 percent will include state-run lotteries, non-air conditioned hotels, business class air tickets, fertilisers and work contracts.

Goods that will attract a tax rate of 18 percent will include footwear costing more than Rs 500, trademarks, goodwill, software, bidi patta, biscuits (all categories), flavoured refined sugar, pasta, cornflakes, pastries and cakes, preserved vegetables, jams, sauces, soups, ice-cream, instant food mixes, mineral water, tissues, envelopes, tampons, note books, steel products, printed circuits, camera, speakers and monitors, kaajal pencil sticks, headgear and parts thereof, aluminium foil, weighing machinery (other than electric or electronic weighing machine).

Services that will attract a tax rate of 18 percent will include AC hotels that serve liquor, telecom services, IT services, branded garments and financial services will attract 18 per cent tax under GST, room tariffs between Rs 2,500 and Rs 7,500 and restaurants inside five-star hotels.

Goods that will attract a tax rate of 28 percent will include bidis, chewing gum, molasses, chocolate not containing cocoa, waffles and wafers coated with chocolate, pan masala, aerated water, paint, deodorants, shaving creams, after shave, hair shampoo, dye, sunscreen, wallpaper, ceramic tiles, water heater, dishwasher, weighing machine, washing machine, ATM, vending machines, vacuum cleaner, shavers, hair clippers, automobiles, motorcycles and aircraft for personal use.

Services that will attract a tax rate of 28% will include private run lotteries authorised by the states,  hotel with room tariffs above 7500/- , 5 Star hotels, race club betting and cinema.

Below video give issues and suggestion on the Tax related issues

Tax evadeing and huge currencies captured by Income Tax authorities during Demonetisation period

Informations gathered and assembled for the convenience of my followers

Sudesh DJV / Indore

Sudesh DJV writes on contemporary subjects in the form of Articles and poems which is in the interest of the Nation in particular and for the Mankind in general.