GST Rates in India, Goods and Services Tax Rates with HSN Code in India, GST tax Slabs in India

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GST Rates in India

In India, GST is the largest tax-related reform in the country bringing uniformity in the structure of taxation and reducing the cascading of taxes that were charged in the past. To revise the goods and services rates for various products, the GST council meets time to time. Many industries and states recommend a reduction in this tax rate for numerous products which are discussed in these meetings.

GST Rates in India stands for Goods and Services Tax and classified into 3 types.

CGST- Central Goods and Services Tax
SGST- State Goods and Services Tax
IGST- Integrated Goods and Services Tax

Find Out GST Rates in India on a Few Common Products

Tax Rates	Products
0%	Wheat, oats, rye, palmyra jaggery, all kinds of salt, kajal, picture books, sanitary napkins, music books, frozen vegetables, human hair, barley, etc.
5%	Household necessities like spices, sugar, tea, oil, and coffee (except instant). Mithai, coal, and life-saving drugs are also included in this GST slab.
12%	This tax slab covers processed food and computers.
18%	Soaps, hair oil, toothpaste, industrial intermediaries & capital products are included in this tax slab.
28%	All the luxury products are covered in this tax slab including premium cars, small cars, high-end motorcycles, refrigerators, AC, etc.

GST Rates with HSN Code

HSN is a globally accepted product coding system. It is currently used under VAT laws, customs, and excise as well as proposed to be used under GST law for the classification of goods.

Under Goods and Services Tax law, it is used by a taxpayer for the classification of products will be based on the taxpayer’s yearly turnover. This code needs to be confirmed on the tax invoice as well as reported while filing the GST returns.

Why Do You Need a GST Rates Finder Tool?

The taxation system in India is categorized over 1211 products for levy of GST under 5 broad tax slabs. These slabs are 0%, 5%, 12%, 18%, and 28%. It is crucial to know in which of these categories your item has been classified. You can simply find out that with a search by using commonly used word for the product. GST finder tool can be used to find out HSN code for the products for invoicing purposes.

The complete and updated list of GST Rates in India is available at our web portal, check out now.

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