Whoever said wishes don’t come true hasn’t explored our offers!
  • GST 2017

    What is GST?

    GST (Goods and Services Tax) is a single indirect tax aimed at making the country a unified common market. It is imposed on the supply of goods and/or services within India. Multiple indirect taxes that the Central Government or State Governments impose on suppliers and consumers are subsumed by GST.

    The taxes levied and collected by the Centre until 1 July, 2017, that are subsumed by GST include Central Excise duty, Duties of Excise (medicinal and toilet preparations), Additional Duties of Excise (goods of special importance), Additional Duties of Excise (textile and textile products), Additional Duties of Customs, Special Additional Duties of Customs, Service Tax, and Central surcharges and cesses. The State taxes subsumed under GST include State VAT, Entry Tax, Central Sales Tax, Entertainment and Amusement Tax, Luxury Tax, Purchase Tax, Taxes on advertisements, Taxes on gambling, betting and lotteries, and State surcharges and cesses relating to the supply of commodities and services.

    The implementation of GST by Prime Minister Narendra Modi is considered a historical move, considering the fact that it significantly reformed indirect tax in India. The consolidation of several different taxes into one is forecast to help the country move forward by eliminating the cascading of taxes. The reform is also set to pave the way for a common national market, thereby making Indian commodities and services increasingly competitive in both local as well as global markets.

    GST History

    A number of countries around the globe have already implemented GST. For instance, Australia saw the introduction of the tax in 2000, replacing the Federal Wholesale Tax. Canada witnessed the replacement of the Manufacturer’s Sales Tax with GST in 1991. New Zealand saw the implementation of the reform in 1986, while Singapore did so in 1994. GST in Malaysia was introduced in 2015, and India has jumped on the bandwagon to provide benefits to the consumers, the industry, and the government.

    History of GST in India

    Atal Bihari Vajpayee, the 10th Prime Minister of India, was the first to recommend the idea of adopting GST during his time in office, in the year 2000. An Empowered Committee was formed by the state finance ministers at the time, and their aim was to formulate a structure for GST as they already had experience in creating State VAT. The Centre as well as the State had representatives who were urged to examine several different aspects of the proposal so as to come up with reports on the taxation of services, taxation of inter-state supplies, thresholds, and exemptions. The Finance Minister of West Bengal at the time, Asim Dasgupta, headed the committee and chaired it till 2011.

    The advisory to the Finance Ministry between 2002 and 2004, Vijay Kelkar, led a task force and sent a report to the Ministry in 2004, highlighting the issues with the then tax structure, adding that these issues could be mitigated by adopting GST.

    During his third term as the Finance Minister of India, P. Chidambaram said in 2005 that the government’s medium-to-long term objective was to introduce a uniform taxation structure across India and cover the entire production-distribution chain. As a result, a discussion regarding the same took place in the Budget Session in FY 2005-06, and 1 April, 2010, was set as the date on which GST would be implemented in India.

    The advisor to Chidambaram, Parthasarathy Shome, said that preparations by the state to make reforms may take time, but the deadline to implement the regime was retained at 1 April, 2010, in the Union Budget 2007-08. Chidambaram confirmed that significant progress was being made by the states to prepare for the implementation of GST in the Union Budget 2008-09, and the deadline remained intact.

    In 2009, following the appointment of Pranab Mukherjee as the new Finance Minister of India, an announcement was made regarding the basic framework of GST, and there was still no change in the deadline. In late 2009, the Empowered Committee, led by Asim Dasgupta, presented the First Discussion Paper (FDP), explaining in detail the proposed GST reform. The foundation for GST, however, was laid by the Mission-Mode Project introduced by the government. The budgetary outlay of the project was Rs.1,133 crore, and it led to the computerisation of commercial taxes in the various states of India. Following this move, GST implementation was delayed by a year.

    The 115th Amendment to the Constitution saw the Government, headed by Congress, put forth the bill for the implementation of GST. The bill drew protests from the opposition party and was then sent for detailed scrutiny to a standing committee. The bill was discussed by the committee in June 2012, and concerns were raised by the opposition party over clause 279B as it provided extra powers to the Centre. As a result, Finance Ministers of various states along with the Finance Minister of India held meetings before setting a deadline to resolve the issues by 31 December, 2012.

    During the Budget Session in 2013, the Finance Minister made an announcement that states will receive Rs.9,000 as compensation from the government, appealing to state finance ministers to cooperate with the government so that an indirect tax regime could be implemented. In the same year, the standing committee that was created to examine the bill, submitted its report to the parliament, and the regulation was approved by the panel with a few amendments.

    Arun Jaitley, the new Finance Minister of India, revealed in his budget speech in February 2015 that GST would be implemented by 1 April, 2016. However, due to disagreements between states and parties in addition to legal issues, the implementation of the regime was delayed by over a year, and on 1 July, 2017, the four GST-related bills, viz. Central GST Bill, Union Territory GST Bill, Integrated GST Bill, and GST (Compensation to States) Bill became Acts. The GST council, over time, finalised GST rules and rates, and the Government announced that GST will come into effect on 1 July, 2017.

    GST Bill

    The GST Bill has become one of the main points of discussion around the country thanks to its ability to completely reform the whole taxation system in India. The objective of the bill is to simplify the system for taxpayers by unifying the taxes applicable to consumers and suppliers alike. GST was implemented after the approval of four bills passed by the government, viz., Goods and Services Tax Bill, Integrated GST Bill, Compensation GST Bill, and Union Territory GST Bill.

    One of the reasons for the implementation of the GST Bill, as revealed by the Finance Minister of India, Mr. Arun Jaitley, is the impact it will have in keeping inflation in check. Moreover, the different kinds of taxes applicable to different commodities and services in different states will be uniform across the country depending on the category under which they fall, therefore removing ambiguity. Even individuals who are heavily taxed can find some respite under GST.

    Prior to 1 July, 2017, the Centre and the State calculated and charged taxes depending upon the tax layers that were already being charged on a commodity or service, and not the original price of the commodity or service. A move like this could adversely affect the country’s GDP. Through the GST Bill, not only will business operations become smoother, but it will also keep a check on tax evasion.

    Through the GST Bill, the introduction of a multi-tier tax slab will see four tax slabs applicable to commodities and services in India – 5%, 12%, 18% and 28%. Although GST aimed at levying a uniform tax rate on all products and services, four different tax slabs were introduced because daily necessities could not be subject to the same rate as luxury items. As a result, the GST Bill is expected to have a good impact on the general public as products of mass consumption, such as food grains, will not be taxed. Other commodities and services that are commonly used, like soaps and toothpaste will attract 12%-18% tax, which is lower than the current rate of more than 20%. Even household products such as refrigerators and washing machines will be cheaper as the rate of tax now applicable to them is 28% as opposed to the previous rate of 30%-31%.

    GST Calculator

    A GST Calculator is an effective tool that can be used to calculate the cost of products and services. A GST Calculator is available on bankbazaar.com to help you determine the amount of tax applicable to a certain commodity or service. The formula for the addition of GST is as follows:

    GST Amount = (Original Price x GST Rate) / 100

    Net Price = Original Price + GST Amount

    For instance, if a commodity is sold from Mumbai to Bengaluru for Rs.5000, and the rate of GST is 12%, the GST amount applicable to the product will be (5000 x 15) / 100 = Rs.750; and the net price will be Rs.5000 + Rs.750 = Rs.5750.

    The formula for the removal of GST is as follows:

    GST Amount = Original Price – (Original Price x (100 / (100 + GST Rate)))

    Net Price = Original Price – GST Amount

    Calculation of Tax under GST

    Here is a table that shows a contrast between the amount of tax applicable under the previous taxation system and the amount charged under GST (Tax rates have been assumed for the purpose of this example):

    Details Tax under Previous Regime Tax under GST
    Value to Manufacturer
    Production cost Rs.2 lakh Rs.2 lakh
    + Profit Margin (10%) Rs.20,000 Rs.20,000
    + Excise Duty (12%) Rs.26400
    Total Production Cost Rs.2,46,400 Rs.2,20,000
    + Value Added Tax (12.5%) Rs.30,800
    + State GST (6%) Rs.13,200
    + Central GST (6%) Rs.13,200
    Manufacturer’s Invoice Value Rs.2,77,200 Rs.2,46,400
    Value to Wholesaler
    Cost of Products Rs.2,77,200 Rs.2,46,400
    + Profit Margin (10%) Rs.27,720 Rs.24,640
    Total Value Rs.3,04,920 Rs.2,71,040
    + Value Added Tax (12.5%) Rs,38,115
    + State GST (6%) Rs.16,262
    + Central GST (6%) Rs.16,262
    Wholesaler’s Invoice Value Rs.3,43,035 Rs.3,03,564
    Value to Retailer
    Cost of Products Rs.3,43,035 Rs.3,03,564
    + Profit Margin (10%) Rs.34,304 Rs.30,356
    Total Value Rs.3,77,339 Rs.3,33,920
    + Value Added Tax (12.5%) Rs.47,167
    + State GST (6%) Rs.20,035
    + Central GST (6%) Rs.20,035
    Retailer’s Invoice Value Rs.4,24,506 Rs.3,73,990

    Here is a table showing the calculation of tax for inter-state sales:

    Details Tax under Previous Regime Tax under GST
    Value to Retailer
    Cost of Commodities Rs.2 lakh Rs.2 lakh
    + Value Added Tax (12.5%) Rs.25,000
    + Integrated GST (12%) Rs.24,000
    + Central State Tax (2%) Rs.4,000
    Total Value to Retailer Rs.2,29,000 Rs.2,24,000

    As seen from the above example, the cost of commodities sold within a certain state or even between states will reduce the cost for manufacturers, wholesalers as well as retailers.

    GST Registration

    GST registration is mandatory for any entity that engages in the supply of goods and services within India. The bill for the implementation of GST was approved by the Prime Minister of India, Narendra Modi, so that indirect taxes imposed by the central or state governments could be subsumed under one single tax. Here is a simple procedure to complete GST registration from the comfort of your home:

    • Log on to www.gst.gov.in.
    • The menu atop the page has a tab called ‘Services’, click on it and you will get three options – ‘Registration’, ‘Payments’, and ‘User Services’.
    • Click on ‘Registration’ and choose ‘New Registration’ to start with Part A of the registration process.
    • A new page will open and here you will be required to select your status as a GST practitioner or a taxpayer.
    • A few details will then have to be entered in the form, such as the legal name of the business, the district and state in which the business is locate, email address, mobile number, Permanent Account Number, etc.
    • The portal will then verify your details and you will receive a One Time Password for confirmation.
    • Enter the OTP in the OTP Verification window and click on ‘Proceed’.
    • The system will generate a Temporary Reference Number which will be displayed on the screen.
    • The Temporary Reference Number will have to be used to login to Part B of the registration process.
    • Enter the Temporary Reference Number along with the Captcha Code to start with Part B of the registration process.
    • ‘My Saved Application’ will appear on a new page, and you will have to click on the ‘Edit’ icon (white pen in a blue square) under the ‘Action’ option.
    • You will be redirected to the registration application form with different tabs, such as Business Details, Authorised Signatory, Promoter/Partners, Authorised Representative, Principal Place of Business, Additional Places of Business, Bank Accounts, Goods and Services, State Specific Information and Verification. You will have to click on each of the aforementioned tabs to enter the required information.
    • Next, enter the information related to the commodity before you select ‘Save & Continue’.
    • You will then have to fill in information regarding your bank account and then upload the relevant documents.
    • You will then be redirected to the verification tab where the details you have sent for verification are displayed. You will be required to put your digital signature on the application after you have filled it up. Digital signatures can be put using EVC, E-Signature, or Digital Signature Certificate. Companies and LLPs can use only Digital Signature Certificates.
    • Hit the ‘Submit’ option and the updated details and documents will be saved.
    • Hit ‘Proceed’ and you will be redirected to a pop-up window where you will have to click on ‘Sign’.
    • Once you have signed the form, you can submit it so that an acknowledgment can be sent to your registered mobile number and email in the form of the Application Reference Number.
    • A GST officer will then verify your application number to determine whether it can be approved or rejected. If your application is rejected, you will have to provide some more information or documents until the authorities are convinced to approve your application.

    People who do not pay GST or do not make the full payment shall be liable to a penalty of 10% of the tax amount, subject to a minimum of Rs.10,000. Offenders who deliberately evade paying taxes will be levied with a penalty of 100% of the tax amount. However, genuine errors will attract a penalty of 10% of the tax due.

    GST Rates in India

    Most of the commodities and services that are subject to GST have been categorised under four tax slabs, viz. 5%, 12%, 18%, and 28%. However, GST Rates is not applicable to some goods and services, such as jute, fish, eggs, fresh meat, milk, chicken, curd, fresh fruits, butter milk, vegetables, natural honey, bread, salt, besan, prasad, sindoor, printed books, bindi, judicial papers, newspapers, handloom, bangles, horn cores, bone meal, bone grist, horn meal, hoof meal, palmyra jaggery, cereal grains hulled, colouring and drawing books, etc.

    Here is a list of goods and services under the different tax slabs:

    Commodities subject to 5% GST:

    • Agarbatti
    • Apparels up to Rs.1,000
    • Braille paper
    • Braille typewriters
    • Braille watches
    • Cashew nuts
    • Coir mats
    • Domestic LPG
    • Edible oils
    • Fertilizers
    • First day covers
    • Fish fillet
    • Floor covering
    • Footwear up to Rs.500
    • Frozen vegetables
    • Hearing aids
    • Insulin
    • Matting
    • Medicines
    • Milk food for babies
    • Packaged food items
    • Packed paneer
    • Pizza bread
    • Postage stamps
    • Revenue stamps
    • Roasted coffee beans
    • Rusk
    • Sabudana
    • Skimmed milk
    • Spices
    • Stamp-post marks
    • Stent
    • Sugar
    • Tea

    Services Subject to 5% GST:

    • Transport services such as airways and railways
    • Air travel in economy class
    • Sale of advertisement space for print media
    • Supply of tour operators’ services
    • Road transport by radio taxis and motor cabs
    • Small restaurants earning turnover up to Rs.50 lakhs

    Commodities Subject to 12% GST:

    • Almonds
    • Animal fat sausage
    • Apparel above Rs.1000
    • Ayurvedic medicines
    • Bhujia
    • Butter
    • Cake servers
    • Carom board
    • Chess board
    • Chutney
    • Diagnostic kits and reagents
    • Exercise books
    • Fish knives
    • Forks
    • Frozen meat products
    • Fruit juice
    • Fruits
    • Ghee
    • Glasses for corrective spectacles and flint buttons
    • Jelly
    • Jam
    • Ladles
    • Ludo
    • Mobile
    • Murabba
    • Namkeen
    • Non-AC restaurants
    • Notebooks
    • Nuts
    • Packaged dry fruits
    • Packed coconut water
    • Pickle
    • Playing cards
    • Preparations of vegetables
    • Sewing machine
    • Skimmers
    • Spoons
    • State-run lotteries
    • Tongs
    • Tooth powder
    • Umbrella
    • Work contracts

    Services Subject to 12% GST:

    • Air tickets by business class
    • Guest houses, inns, and hotels with room tariff ranging between Rs.1000 and Rs.2500 per night

    Commodities Subject to 18% GST:

    • Aluminium foil Furniture
    • Bamboo
    • Bidi Patta
    • Biscuits
    • Branded garments
    • Cakes
    • Camera
    • CCTV
    • Circuits
    • computers
    • Corn flakes
    • Curry paste
    • Electrical transformer
    • Envelopes
    • Flavoured refined sugar
    • Footwear priced above Rs.500
    • Hair oil
    • Headgear
    • Ice cream
    • Instant food mixes
    • Kajal pencil sticks
    • Mayonnaise
    • Mineral water
    • Mixed condiments
    • Mixed seasonings
    • Monitors
    • Optical Fiber
    • Padding pools
    • Swimming pools
    • Pasta
    • Pastries
    • Preserved vegetables
    • printed
    • Printers
    • Salad dressings
    • Soap
    • Soups
    • Speakers
    • Steel products
    • Tampons
    • Tissues
    • Toiletries
    • Toothpaste
    • Weighing machinery (non-electrical or electronic)

    Services Subject to 18% GST:

    • AC hotels serving alcohol to customers
    • Guest houses, inns and hotels with room tariff ranging from Rs.2500 and Rs.5000 per night
    • IT services
    • Telecom services

    Commodities Subject to 28% GST:

    • Aerated water
    • After shave
    • Aircraft for personal use
    • Automobiles Motorcycles
    • Bidis
    • Ceramic tiles
    • Chewing gum Molasses
    • Chocolates devoid of cocoa
    • Deodorants
    • Dishwasher
    • Dye
    • Hair clippers
    • Hair shampoo Sunscreen
    • Paint
    • Pan masala
    • Shavers
    • Shaving creams
    • Vacuum cleaner
    • Vending machines
    • Waffles and wafers coated with chocolate
    • Wallpaper
    • Washing machine
    • Water heater
    • Weighing machine ATM

    Services Subject to 28% GST:

    • Gambling and race club betting
    • Cinema and entertainment
    • 5-star hotels
    • Guest houses, inns and hotels with room tariff of Rs.5000 and upwards

    The Goods and Services Tax (GST) is imposed on the supply of products and/or services within the country. It subsumes multiple indirect taxes that are imposed by the State Governments or the Central Government, such as Service Tax, Purchase Tax, Central Excise Duty, Value Added Tax, Entry Tax, Luxury Tax, Local Body Taxes, etc.

    GST offers benefits to the government, the industry, as well as the citizens of India. The price of goods and services is expected to reduce under the new reform, while the economy will receive a healthy boost. It is also expected to make Indian products and services internationally competitive. Following are some of the main benefits of GST:

    • Uniformity in Taxation: The objective of GST is to drive India towards becoming an integrated economy by charging uniform tax rates and eliminating economic barriers, thereby making the country a common national market. The subsuming of the aforementioned State and Central indirect taxes into just one tax will also provide a major lift to the Government’s ‘Make in India’ campaign, as goods that are produced or supplied in the country will be competitive not only in national markets, but in the international ones as well. Moreover, IGST (Integrated Goods and Services Tax) will be levied on all imported goods. IGST will be equal to State GST + Central GST, more or less, thus bringing uniformity in taxation on both local as well as imported goods.
    • Cascading of Taxes: The cascading of taxes will be prevented by GST as the whole supply chain will get an all-inclusive input tax credit mechanism. Business operations can be streamlined at each stage of supply thanks to the seamless accessibility to input tax credit across products or services.
    • Common Portal: Since technology will be used heavily to drive GST, taxpayers will have a common portal (GSTN). The procedures for different processes like registration, tax payments, refunds, returns, etc., will be automated and simplified. Whether it is the filing of returns, filing of refund claims, payment of taxes, or even registration, all processes will be done online via GSTN. The verification of input tax credit will be done online too, and input tax credit across the country will be matched electronically, thereby turning the process into an accountable and transparent one. As a result, the process will also be much quicker since the taxpayer will not have to interact with the tax administration.
    • Common Procedures: The procedures for refund of taxes and registration of taxpayers will be common, while the formats of tax return will be uniform. The tax base will also be common, as will the system of assortment of products or services in addition to the timelines for each activity, thereby ensuring that taxation systems have greater certainty.
    • Helping Government Revenue Find Buoyancy: GST is forecast to help the Government Revenue find buoyancy by expanding the tax base whilst enhancing the taxpayer compliance. The reform is also expected to improve the country’s ranking so far as the ‘Ease of Doing Business Index’ is concerned. To add to it, it is also estimated to enhance the GDP by 1.5% - 2%.
    • Simpler and Lesser Number of Compliances: Compliance will be simpler through the harmonisation of tax rates, procedures, and laws. Synergies and efficiencies are expected across the board thanks to common formats/forms, common definitions, and common interface via the GST portal. Inter-state disputes such as those on e-commerce taxation and entry tax that currently prevail will no longer cause concerns, while multiple taxation on the same transactions will also be removed. Compliance costs will also reduce as a result. The previous tax regime had service tax and VAT, and they both had their own compliances and returns. GST will merge them and lower the number of returns as well as the time spent on tax compliances. GST has around 11 returns under it. Four of them are basic returns that are applicable to all taxable entities under GST. Although the number of returns could increase, the main GSTR-1 shall be manually populated, while GSTR-2, GSTR-3, AND GSTR-4 shall be auto-populated.
    • Regulation of Unorganised Industries: Certain sectors in the country, such as textile and construction, are highly unorganised and unregulated. GST aims to ensure that payments and compliances are done online, and input credit can only be availed when the supplier accepts the amount, thus ensuring that these industries have regulation and accountability.
    • Lowered Tax Burden on Industry and Trade: The average tax burden on industry and trade is expected to lower because of GST, resulting in a reduction of prices and increased consumption, which will eventually increase production and ultimately enhance the development of various industries. Domestic demand is set to increase and local businesses will have greater opportunities, thus generating more jobs within the country.
    • Composition Scheme: Small businesses can find respite from tax burdens through the composition scheme. Small businesses that earn turnovers ranging from Rs.20 lakh to Rs.50 lakh will be subject to lower taxes.

    These are some of the main benefits offered by GST. In the following sections we shall take a brief look at the advantages of the regime to the consumer, the central and state governments, and businesses and industry.

    Industry will avail the maximum benefits of GST as the reform would not only contribute significantly to its rapid growth, but it would also contribute to a 2% increase in the GDP. By subsuming numerous taxes, GST would make the taxation system easier for businessmen by helping them avoid the filing of several different taxes and reducing hassles.

    Since GST will operate on an advanced IT platform, all GST-related issues will be addressed online, thereby ensuring ease and transparency in GST payments. Moreover, GST clubs various indirect taxes under one umbrella and eliminates cluster in the calculation of taxes. A single rate and a single mechanism will prevail across India, thereby helping in ensure that there is no overlapping of taxes. For instance, if the GST rate applicable to a certain product is 20% and a consumer purchases it for Rs.200, the GST amount would be 20% of Rs.200 = Rs.40. The overall GST amount paid by all three entities, viz. the manufacturer, the wholesaler, and the retailer will never be more than Rs.40. As a result, the tax applicable to the retailer as per the previous system will be waived off and he can save money on tax. The same applies to manufacturers and wholesalers as they would all have paid GST on the same commodity, thereby providing relief on each other’s tax burden.

    GST helps in decreasing transaction costs, which in turn make it easy to improve business, which eventually increases competition within the industry. An increase in competition will also help in generate more jobs as newer businesses are established across industries. Exporters and manufacturers can also reap the benefits of GST as most of the state and central taxes would no longer be applicable to products and services, and there will be no more levy of Central Sales Tax either. Lowered costs in the Indian industry will mean that Indian exports will receive a major boost, therefore making Indian goods and services more competitive in international markets.

    Since all indirect taxes charged by the state governments and the central government will be subsumed by GST, it will become simpler to administer the taxation system, especially because of the presence of a robust IT system. Evading GST will become almost impossible due to the use of an advanced IT platform, thereby promoting the payment of taxes.

    The cost of collecting taxes will decrease significantly with the implementation of GST, thereby resulting in higher revenue efficiency. GST will also end the duplication of indirect tax collection, and it would also lower the cost of revenue collection, thereby benefitting both, the state governments as well as the central government.

    A good number of products and/or services are either exempt from tax or charged at 5% or less under GST, thereby making daily necessities more easily available to the poor. Small traders will find themselves on a level playing field thanks to a simplified tax structure with fewer exemptions. Products and services will be allowed to move freely across the country, thus resulting in increased competition between manufacturers and businesses which will eventually benefit consumers. Items such as movie-ticket prices, two-wheelers, televisions, stoves, washing machines, SUVs and luxury cars, two-wheelers, etc. will be cheaper.

    Since there will be no overlapping of taxes, there will be a big reduction on the overall tax on a commodity, thereby leading to lower prices. The overall tax burden on most goods, as a result, will also reduce, therefore benefitting the consumer.

    GST returns must be filed by all persons who register themselves under GST. There are many different kinds of GST returns that must be filed every month, according to the CGST Act, 2017. Even an annual return has to be filed by all those who are registered under GST. Entities registered under the GST Composition Scheme will have to file their returns on a quarterly basis as well as annually. The most common returns that must be filed include GSTR 1, GSTR 2, and GSTR 3.

    Normal taxpayers will have to submit these three returns on a monthly basis along with one annual return, as per the CGST law. Taxpayers who are registered as Input Service Distributors are liable to collect or deduct the tax (TCS/TDS). All registered taxable individuals are required to submit outward supply information in Form GSTR 1 by the 10th day of the following month.

    GST has a number of returns that must be filed electronically via the GST Network portal. Here is a list of returns applicable under GST:

    • GSTR 1: Information regarding outward supplies of commodities or services by registered taxable suppliers. The return due date will be the 10th day of the following month.
    • GSTR 1A: Information relating to auto-drafted supplies of commodities or services. The return due date will be the 15th day of the following month.
    • GSTR 2: Information relating to inward supplies of products and services by registered taxable recipients. The return due date will be the 15th day of the following month.
    • GSTR 2A: Information relating to auto-drafted supplies from GSTR 1 or GSTR 5 to the recipient.
    • GSTR 3: This is a monthly return based on the finalisation of information relating to outward supplies as well as inward supplies in addition to the payment of tax amount by registered taxable persons. The return due date will be the 20th day of the following month.
    • GSTR 3A: Notice to return defaulter under Section 46 of the Central GST Act, 2017.
    • GSTR 4: Quarterly return for registered individuals who have selected the composition levy by composition suppliers. The return due date will be the 18th day of the month next to quarter.
    • GSTR 4A: Auto-drafted information for registered individuals who have chosen the composition levy.
    • GSTR 5: Return for NRI taxable individuals by NRI taxable individuals. The return due date will be the 20th day of the following month.
    • GSTR 5A: Information relating to the supply of database access, online information, or retrieval service by an individual located outside the country made to non-taxable individuals in India.
    • GSTR 6: Return for Input Service Distributor by Input Service Distributor. The return due date will be the 13th day of the following month.
    • GSTR 6A: Information relating to auto-drafted supplies from GSTR 1 or GSTR 5 to Input Service Distributors.
    • GSTR 7: Return for Tax Deducted at Source by the tax deductor. The return due date will be the 10th day of the following month.
    • GSTR 7A: Tax Deducted at Source Certificate.
    • GSTR 8: Statement for Tax Collected at Source by the tax collector or e-commerce operator. The return due date will be the 10th day of the following month.
    • GSTR 9: GST Annual return by registered taxable persons. The return due date will be the 31st of December of the following financial year.
    • GSTR 9A: Simplified annual return by compounding taxable individuals registered under Section 8.
    • GSTR 10: GST final return by taxable individual whose registration is either cancelled or surrendered. The return due date will be within three month from the date on which the registration was cancelled or the date on which the cancellation order was issued, whichever is later.
    • GSTR 11: GST inward supplies statement for (Universal Identification Number) UIN by individuals having UIN and claiming a refund. The return due date will be the 28th day of the month after the month for which the statement was filed.
    • ITC-1A: GST ITC mismatch report.

    Prior to the implementation of GST, the indirect tax structure in India had two main components, viz. State taxes and Central taxes. State taxes included sales tax / state VAT, purchase tax, central sales tax, entry tax, entertainment tax, taxes on gambling, betting and lottery, luxury tax, and surcharges and cesses. Central taxes, on the other hand, included central excise duty, service tax, additional duties of excise, additional duties of customs, excise duty charged under medicinal and toiletries preparation act, and surcharges and cesses.

    With GST, the aforementioned taxes will be subsumed and suppliers will be charged based on the following parameters:

    Intra-state taxable supply: Service tax and excise duty will be known as Central GST, while local VAT and other taxes will be known as State GST.

    Inter-state taxable supply: CST will be known as Integrated GST, and will be the approximate sum total of Central and State GST.

    Import from Overseas: Integrated GST will be charged in place of CVD and SAD.

    All registered dealers should file their returns for the specified tax period. Even in case there are no business activities during the prescribed tax period, the registered dealers are expected to file their returns. PSUs and government entities that do not engage in GST supplies or individual who deal exclusively in nil-rated/exempted/non-GST products or services, however, will not have to register themselves or even file their returns under the GST regulations. Such PSUs and government entities that do not engage in GST supplies may be assigned Departmental IDs by state tax authorities, and request them to quote the ID in their supply invoices for every inter-state sale they make.

    GST returns can be filed only via the online mode. Offline preparation of returns can also be done, and individuals who choose the offline route will have to upload their returns onto the portal. A common e-return will have to be filed for Central GST, State GST, Integrated GST and Additional Tax. Taxpayers who are registered under GST will have to file their returns on the GST portal. The filing can be done by the individual himself/herself or via an authorised representative.

    Here are the forms that need to be filled in and submitted:

    • GST PCT 1: Application for enrolling as a Goods and Service Tax practitioner.
    • GST PCT 2: Application for Enrolment Certificate for Goods and Service Tax practitioner.
    • GST PCT 3: Show cause notice for disqualification.
    • GST PCT 4: Order of rejection of application for enrolment as GST practitioner / or disqualification to function as a GST practitioner.
    • GST PCT 5: Authorisation / withdrawal of authorisation of a Goods and Service Tax practitioner.

    Monthly Returns

    All registered entities, apart from a person as specified in Section 14 of the Integrated Goods and Services Act, 2017, or An NRI taxable person, or an Input Service Distributor, or an individual paying tax under Section 51 or Section 10, is required to electronically submit a return mentioned under sub-section (1) of Section 39 in Form GSTR 3 via the GST portal. The return can be submitted directly or via a Facilitation Centre notified by the Commissioner.

    Annual Returns

    All registered entities, apart from persons who pay tax under Section 51 or 52, or an Input Service Distributor, as an NRI taxable person and a regular taxable person, should electronically submit their annual returns as mentioned in sub-section (1) of Section 44 in Form GSTR 9 via the GST portal. The return can be filed by the person directly or via a Facilitation Centre notified by the Commissioner.

    Final Return

    All registered entities are required to electronically submit a final return under Section 45 in Form GSTR 10. The submission can be done via the GST portal either directly or via a Facilitation Centre notified by the Commissioner.

    The current tax structure that has been replaced by GST and a number of changes are in order. Here are the most prominent difference between the VAT structure and GST:

    Parameter VAT GST
    Structure Under the old taxation system, the central taxes applicable were custom duty/central excise duty, central sales tax on commodities and services, surcharge and cesses. The state taxes included state VAT, WCT, entertainment tax, luxury tax, tax on gambling, betting and lottery, sales tax deducted at source, and surcharge and cesses. Under GST, all the central and state taxes will be subsumed and a single tax will be levied on all commodities and services apart from motor spirit, petroleum, natural gas and high speed diesel.
    Registration Under VAT, the registration is decentralised under state and central authorities. Under GST, there will be uniform e-registration depending upon the PAN of the entity.
    Basis of Levy Under VAT, tax will be levied at the place where goods are manufactured or sold, or the place at which services are rendered. Under GST, tax will be levied at the place of consumption, like a destination-based tax.
    Filing of Returns and Collection of Tax Under the old scenario, service tax and central excise were uniform, but VAT varied from state to state. Under GST, the process is uniform and the dates for collecting or depositing tax and filing returns are common.
    Validation Under VAT, the system will partly validate the returns, and full verification will be subject to assessments by state or central authorities. Under GST, the validation will take place on the system, and consistency checks will be carried out on input credit availed, tax payments, and utilisation.
    Basic Customs Duty Under VAT, the centre charges tax on imports under a separate act. No change.
    Excise Duty Under VAT, excise duty will be levied up to the point of manufacturing. Under GST, the excise duty will be replaced by Central GST and tax will be levied up to retail level.
    Service Tax Under VAT, the centre charges service tax on a list of services under the Finance Act on provision/payment basis. Under GST, the State GST subsumes service tax depending upon rules relating to Place of Supply.
    Special Additional Duty Under Vat, the centre charges tax on imports separately. Under GST, this duty is subsumed by State GST.
    State VAT Under VAT, all commodities apart from those exempt are taxed. Under GST, the State GST subsumes this tax.
    Central Sales Tax Under VAT, CST is charged at a concessional rate of 2% so far as inter-state transfers are concerned against C-Forms. The full rate applicable otherwise ranges from 5% to 14.5%. Under GST, the Integrated GST subsumes CST.
    Entry Tax Under VAT, entry tax is charged by certain states for inter-state transfers, detained as import in local area. Under GST, entry tax is not applicable, but an additional 1% will be levied as tax on inter-state supply of certain commodities.
    Tax on Inter-State Transfer of Commodities to Agent or Branch Under VAT, this tax is exempt against Form F. Under GST, this tax is levied but dealers will have access to full credit.
    Tax on Export of Commodities and Services Under VAT, this tax is exempt. No change.
    Tax on Transfer of Commodities to Agent or Branch Under VAT, this tax is generally exempt, but its applicability depends upon state procedures. Under GST, this tax may be levied unless TIN of the transferor and transferee is the same.
    Cross Set-Off of Levy Under VAT, set-off of service tax and excise duty is permitted. Under GST, set-off between State GST and Central GST is not allowed.
    Cascading Effect Under VAT, credit between service tax and excise duty is available, but there is no set-off against VAT on excise duty. Under GST, credit available on the whole amount of taxes up to retailer.
    Disallowance of inputs or input services utilised in exempted commodities or services Under VAT, this is not permitted. Under GST, there will be no such disallowance, unless the GST Council finalises a list of those items falling under the Negative List.
    Disallowance of credit on certain items Under VAT, there are a few non-creditable commodities and services under VAT as well as CENVAT rules. Under GST, there will be no such disallowance unless the GST Council specifically allows it.
    Exemptions Under VAT, certain areas such as the North-East will be able to enjoy exemptions. Under GST, there will be no such exemptions, and the GST Council may introduce an Investment Refund Scheme for certain zones.
    Threshold limits for levy of tax Under VAT, the threshold for central excise is Rs.1.5 crore, the threshold for VAT ranges between Rs.5 lakh to Rs.20 lakh depending upon the state. The threshold for service tax is Rs.10 lakh. Under GST, the State GST will range between Rs.10 lakh to Rs.20 lakh based on recommendations of the GST Council.
    Levy of tax on NGOs and government bodies Under VAT, certain government bodies, non-profit organisations and PSUs will be covered. No changes.

    SAC stands for Services Accounting Code. This code is used for the classification of services. Each kind of service offered has a unified code for measurement, recognition and taxation. SAC Codes in the present regime have been clearly defined for each kind of service offered. Here are the SAC codes for the sections under which they are classified:

    SECTION 5: CONSTRUCTION SERVICES Group 99541: Construction Services of Buildings
    995411 Construction services of single dwelling or multi-dwelling or multi-storied residential buildings
    995412 Construction services of other residential buildings such as old age homes, homeless shelters, hostels, etc.
    995413 Construction services of industrial buildings such as buildings used for production activities (used for assembly line activities), workshops, storage buildings and other similar industrial buildings
    995414 Construction services of commercial buildings such as office buildings, exhibition & marriage halls, malls, hotels, restaurants, airports, rail or road terminals, parking garages, petrol and service stations, theatres and other similar buildings.
    995415 Construction services of other non-residential buildings such as educational institutions, hospitals, clinics including vertinary clinics, religious establishments, courts, prisons, museums and other similar buildings
    995416 Construction Services of other buildings n.e.c
    995419 Services involving Repair, alterations, additions, replacements, renovation, maintenance or remodelling of the buildings covered above.
    Group 99542: General Construction Services of Civil Engineering Works
    995421 General construction services of roads, streets, highways, airfield runways, railways, tunnels and bridges.
    995422 General construction services of waterways, water lines and mains, harbours, irrigation, dams and other waterworks.
    995423 General construction services of long-distance overland / underground/ submarine pipelines, electric and communication cables; transformer stations and work related to it; pumping stations and work related to it.
    995424 General construction services of local sewage and water pipelines, communication and electricity cables and works related to it.
    995425 General construction services of industrial plants and mines.
    995426 General construction services of power plants and infrastructure related to it.
    995427 General construction services of recreation and outdoor sports facilities.
    995428 General construction services related to other civil engineering works.
    995429 Services that involve repair, replacement, alterations, renovation, additions, remodelling or maintenance of the constructions covered above.
    Group 99543: Site Preparation Services
    995432 Site formation as well as clearance services that include the preparation of services for readying sites for subsequent construction work, test drilling and core extraction and boring, digging of trenches.
    995433 Earthmoving and excavating services.
    995434 Septic system installation services and water well drilling services.
    995435 Other site preparation services.
    995439 Services involving alterations, repairs, replacements, additions and maintenance of the constructions covered above.
    Group 99544: Assembly and Erection of Prefabricated Constructions
    995441 Installation, erection, and assembly services related to prefabricated buildings.
    995442 Installation, erection, and assembly services related to other prefabricated constructions and structures.
    995443 Installation services related to all kinds of street furniture, such as telephone booths, bus shelters, public toilets, park benches, etc.
    995444 Other erection and assembly services.
    995449 Services that include repair, replacements, additions, alterations, and maintenance of the constructions covered above.
    Group 99545: Special trade construction services
    995451 Foundation and pile driving services.
    995452 Roof framing and building framing services.
    995453 Waterproofing and roofing services.
    995454 Concrete services.
    995455 Structural steel erection services.
    995456 Masonry services.
    995457 Scaffolding services.
    995458 Other special trade construction services.
    995459 Services that involve the repair, replacements, alterations, maintenance or additions of the constructions covered above.
    Group 99546: Installation services
    995461 Electrical installation services that include electrical fitting and wiring services, burglar alarm system installation and fire alarm installation services.
    995462 Drain laying and water plumbing services.
    995463 Air conditioning, ventilation, and heating equipment installation services.
    995464 Gas fitting installation services.
    995465 Insulation services.
    995466 Escalator and lift installation services.
    995468 Other installation services.
    995469 Services that involve repair, replacements, alterations, maintenance and additions of the installations covered above.
    Group 99547: Building Completion and Finishing Services
    995471 Glazing services.
    995472 Plastering services.
    995473 Painting services.
    995474 Wall tiling and floor services.
    995475 Wall covering, wall papering, and other floor laying services.
    995476 Carpentry and joinery services.
    995477 Railing and fencing services.
    995478 Other building finishing and completion services.
    995479 Services that involve repair, replacements, alterations, maintenance and additions or the finishing or completion of the aforementioned works.

    SECTION 6: DISTRIBUTIVE TRADE SERVICES, ACCOMMODATION, FOOD AND BEVERAGE SERVICES, GAS AND ELECTRICITY DISTRIBUTION SERVICES, AND TRANSPORT SERVICES

    Group 99611: Services in Wholesale Trade
    996111 Services provided on a contract basis or for a commission/fee on wholesale trade.

    Group 99621: Services in Retail Trade

    996211 Services provided on a contract basis or for a commission/fee on retail trade.
    Group 99631: Accommodation Services
    996311 Unit or Room accommodation services offered by guest houses, hotels, clubs, inns, etc.
    996312 Camp site services.
    996313 Vacation camp and recreational services.
    Group 99632: Other Accommodation Services
    996321 Unit or room accommodation services offered to students in student residencies.
    996322 Unit or room accommodation services offered by paying guest, camps, hostels, etc.
    996329 Other unit or room accommodation services.
    Group 99633: Food, Edible Preparations, Alcoholic and Non-Alcoholic Beverages Serving Services
    996331 Services offered by cafes, restaurants and similar eating facilities including door delivery, takeaway services and room services.
    996332 Services offered by guest houses, hotels, clubs, inns, etc. including door delivery, takeaway services and room services.
    996333 Services offered in canteens and other similar establishment functions.
    996334 Catering in marriage halls, exhibition halls and other indoor/outdoor events.
    996335 Catering in flights, trains, etc.
    996336 Preparation and/or supply services, edible preparations, non-alcoholic and alcoholic beverages to airlines and other transport operators.
    996337 Other contract food services.
    996339 Other food, edible preparations, non-alcoholic and alcoholic beverages serving services.
    Group 99641: Passenger Transport Services
    996411 Local land transport services of passengers by railways, metro, monorail, bus, tramway, autos, three wheelers, scooters and other motor vehicles
    996412 Taxi services including radio taxi & other similar services;
    996413 Non-scheduled local bus and coach charter services
    996414 Other land transportation services of passengers.
    996415 Local water transport services of passengers by ferries, cruises, etc.
    996416 Sightseeing transportation services by rail, land, water & air
    996419 Other local transportation services of passengers n.e.c.
    Group 99642: Long-Distance Transport Services of Passengers
    996421 Long-distance transport services of passengers through Rail network by Railways, Metro etc
    996422 Long-distance transport services of passengers through Road by Bus, Car, non-scheduled long distance bus and coach services, stage carriage etc
    996423 Taxi services including radio taxi & other similar services
    996424 Coastal and transoceanic (overseas) water transport services of passengers by Ferries, Cruise Ships etc
    996425 Domestic/International Scheduled Air transport services of passengers
    996426 Domestic/international non-scheduled air transport services of Passengers
    996427 Space transport services of passengers
    996429 Other long-distance transportation services of passengers n.e.c.

    Group 99651: Land Transport Services of Goods

    996511 Road transport services of goods including parcels, office and household furniture, letters, live animals, containers, etc. by trucks, animal or man-drawn vehicles, refrigerator vehicles, trailers and other vehicles.
    996512 Railway transport services of goods including office and household furniture, parcels, letters, live animals, bulk cargo, intermodal containers, etc.
    996513 Transport services of natural gas and petroleum, sewerage, water and other goods.
    996519 Other land transport services of goods.
    Group 99652: Water Transport Services of Goods
    996521 Transoceanic and coastal water transport services of goods by tankers, container ships, bulk cargo vessels, refrigerator vessels, etc.
    996522 Inland water transport services of goods by tankers, refrigerator vessels and other vessels.
    Group 99653: Air and Space Transport Services of Goods
    996531 Air transport services of parcels, letters and other goods.
    996532 Space transport services of freight.
    Group 99660: Rental Services of Transport Vehicles with or without Operators
    996601 Rental services of road vehicles including buses, coaches, cars, trucks and other motor vehicles, with or without operator
    996602 Rental services of water vessels including passenger vessels, freight vessels etc with or without operator
    996603 Rental services of aircraft including passenger aircrafts, freight aircrafts etc with or without operator
    996609 Rental services of other transport vehicles n.e.c. with or without operator
    Group 99671: Cargo Handling Services
    996711 Container handling services
    996712 Customs House Agent services
    996713 Clearing and forwarding services
    996719 Other cargo and baggage handling services
    Group 99672: Storage and Warehousing Services
    996721 Refrigerated storage services
    996722 Bulk liquid or gas storage services
    996729 Other storage and warehousing services
    Group 99673: Supporting Services for Railway Transport
    996731 Railway pushing or towing services
    996739 Other supporting services for railway transport n.e.c.
    Group 99674: Supporting Services for Road Transport
    996741 Bus station services
    996742 Operation services of National Highways, State Highways, Expressways, Roads & streets; bridges and tunnel operation services.
    996743 Parking lot services
    996744 Towing services for commercial and private vehicles
    996749 Other supporting services for road transport n.e.c.
    Group 99675: Supporting Services for Water Transport
    996751 Port and waterway operation services (excl. cargo handling) such as operation services of ports, docks, light houses, light ships etc
    996752 Pilotage and berthing services
    996753 Vessel salvage and refloating services
    996759 Other supporting services for water transport n.e.c.
    Group 99676: Supporting Services for Space or Air Transport
    996761 Airport operation services (excl. cargo handling)
    996762 Air traffic control services
    996763 Other supporting services for air transport
    996764 Supporting services for space transport
    Group 99679: Other Supporting Transport Services
    996791 Goods transport agency services for road transport
    996792 Goods transport agency services for other modes of transport
    996793 Other goods transport services
    996799 Other supporting transport services n.e.c
    Group 99681: Postal and Courier Services
    996811 Postal services including post office counter services, mail box rental services.
    996812 Courier services
    996813 Local delivery services
    996819 Other Delivery Services n.e.c
    Group 99691: Electricity and Gas Distribution Services
    996911 Electricity transmission services.
    996912 Electricity distribution services.
    996913 Gas distribution services.
    Group 99692: Water Distribution and Other Services
    996921 Water distribution services.
    996922 Services that involve the distribution of hot water, steam and air conditioning supply, etc.
    996929 Other similar services.

    SECTION 7: FINANCIAL AND RELATED SERVICES, REAL ESTATE SERVICES, AND RENTAL AND LEASING SERVICES

    Group 99711: Financial Services (Not including pension services, insurance services and investment banking services)

    997111 Central banking services.
    997112 Deposit services.
    997113 Credit-granting services, including guarantees and securities and stand-by commitment.
    997114 Financial leasing services.
    997119 Other financial services (not including pension services, insurance services and investment banking services).
    Group 99712: Investment Banking Services
    997120 Investment banking services.
    Group 99713: Pension and Insurance Services (Not including reinsurance services)
    997131 Pension services.
    997132 Life insurance services (not including reinsurance services).
    997133 Health insurance and accident services.
    997134 Motor vehicle insurance services.
    997135 Aviation, marine and other transport insurance services.
    997136 Travel insurance and freight insurance services.
    997137 Other property insurance services.
    997139 Other non-life insurance services (not including reinsurance services).
    Group 99714: Reinsurance Services
    997141 Life reinsurance services.
    997142 Health reinsurance and accident services.
    997143 Motor vehicle reinsurance services.
    997144 Aviation, marine and other transport reinsurance services.
    997145 Travel reinsurance services.
    997146 Freight reinsurance services.
    997147 Other property reinsurance services.
    997149 Other non-life reinsurance services.
    Group 99715: Services Auxiliary to Financial Services (apart from pensions and insurance)
    997151 Services relating to investment banking, like acquisition and merger services, venture capital services and corporate finance services.
    997152 Brokerage and related commodities and securities services including commodity exchange services.
    997153 Portfolio management services (not including pension funds).
    997154 Custody and trust services.
    997155 Services relating to the administration of financial markets.
    997156 Financial consultancy services.
    997157 Financial exchange services.
    997158 Financial transactions clearing and processing house services.
    997159 Other services auxiliary to financial services.
    Group 99716: Services Auxiliary to Pensions and Insurance
    997161 Insurance agency and brokerage services.
    997162 Insurance claims adjustment services.
    997162 Actuarial services.
    997164 Pension fund management services.
    997169 Other services auxiliary to pensions and insurance.
    Group 99717: Services of Holding Financial Assets
    997171 Services of holding equity of subsidiary companies.
    997172 Services of holding securities and other assets of funds and trusts and similar financial entities.
    Group 99721: Real Estate Services Involving Leased or Owned Property
    997211 Leasing or rental services involving leased or own residential property.
    997212 Leasing or rental services involving leased or own non-residential property.
    997213 Trade services relating to buildings.
    997214 Trade services relating to time-share properties.
    997215 Trade services relating to subdivided and vacant land.
    Group 99722: Real Estate Services on a Contract Basis or Commission/Fee Basis
    997221 Property management services on a contract basis or a commission/fee basis.
    997222 Building sales on a contract basis or a commission/fee basis.
    997223 Land sales on a contract basis or a commission/fee basis.
    997224 Real estate appraisal services on a contract basis or a commission/fee basis.
    Group 99731: Rental or Leasing Services Related to Equipment and Machinery with or without Operator
    997311 Rental or leasing services relating to transport equipment including containers, with or without operator.
    997312 Rental or leasing services relating to agricultural equipment and machinery with or without operator.
    997313 Rental or leasing services relating to construction equipment and machinery with or without operator.
    997314 Rental or leasing services relating to office equipment and machinery (not including computers) with or without operator.
    997315 Rental or leasing services relating to computers with or without operators.
    997316 Rental or leasing services relating to telecommunications equipment with or without operator.
    997319 Rental or leasing services relating to other equipment and machinery with or without operator.
    Group 99732: Rental or Leasing Services Related to Other Goods
    997321 Rental or leasing services related to radios, projectors, televisions, audio systems, video cassette recorders, and related accessories and equipment (Home entertainment systems).
    997322 Rental or leasing services related to disks and video tapes (Home entertainment systems).
    997323 Rental or leasing services related to furniture and other household appliances.
    997324 Rental or leasing services related to leisure and pleasure equipment.
    997325 Rental or leasing services related to household linen.
    997326 Rental or leasing services related to footwear, clothing and textiles.
    997327 Rental or leasing services relating to do-it-yourself equipment and machinery.
    997329 Rental or leasing services related to other goods.
    Group 99733: Licensing Services for the Right to Use Intellectual Property and Similar Goods
    997331 Licensing services for the right to use databases and computer software.
    997332 Licensing services for the right to show and broadcast original films, television and radio programme, sound recordings, etc.
    997333 Licensing services for the right to reproduce original art works.
    997334 Licensing services for the right to copy and reprint manuscripts, journals, periodicals and books.
    997335 Licensing services for the right to use Research and Development products.
    997336 Licensing services for the right to use franchises and trademarks.
    997337 Licensing services for the right to use minerals including their evaluation and exploration.
    997338 Licensing services for the right to use other natural resources including telecommunication spectrum.
    997339 Licensing services for the right to use other intellectual products and other resources.

    SECTION 8: BUSINESS AND PRODUCTION SERVICES

    Group 99811: Research and Experimental Development Services in Natural Sciences and Engineering

    998111 Research and experimental development services in natural sciences
    998112 Research and experimental development services in engineering and technology
    998113 Research and experimental development services in medical sciences and pharmacy.
    998114 Research and experimental development services in agricultural sciences.
    Group 99812: Research and Experimental Development Services in Social Sciences and Humanities
    998121 Research and experimental development services in social sciences.
    998122 Research and experimental development services in humanities
    Group 99813: Interdisciplinary Research Services
    998130 Interdisciplinary research and experimental development services.
    Group 99814: Research and Development Originals
    998141 Research and development originals in pharmaceuticals
    998142 Research and development originals in agriculture
    998143 Research and development originals in biotechnology
    998144 Research and development originals in computer related sciences
    998145 Research and development originals in other fields n.e.c.
    Group 99821: Legal Services
    998211 Legal representation and advisory services with regard to criminal law.
    998212 Legal representation and advisory services with regard to other fields of law.
    998213 Legal certification and documentation services with regard to copyrights, patents and other intellectual property rights.
    998214 Legal certification and documentation services with regard to other documents.
    998215 Conciliation and arbitration services.
    998216 Other legal services.

    99822: Accounting, Bookkeeping and Auditing Services

    998221 Financial auditing services.
    998222 Bookkeeping and accounting services.
    998223 Payroll services.
    998224 Other similar services.

    99823: Tax Consultancy and Preparation Services

    998231 Corporate tax consulting and preparation services.
    998232 Individual tax preparation and planning services.

    Group 99824: Insolvency and Receivership Services

    998240 Insolvency and receivership services.

    Group 99831: Management Consulting and Management Services and Information Technology Services

    998311 Management consulting and management services that include strategic, financial, marketing, human resources, supply chain management and operations.
    998312 Business consulting services that include public relations services.
    998313 Information technology consulting and support services.
    998314 Information technology design and development services.
    998315 Hosting and information technology infrastructure provisioning services.
    998316 IT infrastructure and network management services.
    998319 Other information technology services.

    Group 99832: Architectural Services, Urban and Land Planning and Landscape Architectural Services

    998321 Architectural advisory services.
    998322 Architectural services for residential building projects.
    998323 Architectural services for non-residential building projects.
    998324 Historical restoration architectural services.
    998325 Urban planning services.
    998326 Rural land planning services.
    998327 Project site master planning services.
    998328 Landscape architectural services and advisory services.

    Group 99833: Engineering Services

    998331 Engineering advisory services.
    998332 Engineering services for building projects.
    998333 Engineering services for manufacturing and industrial projects.
    998334 Engineering services for transportation projects.
    998335 Engineering services for power projects.
    998336 Engineering services for broadcasting and telecommunications projects.
    998337 Engineering services for waste management projects, hazardous and non-hazardous projects, for water, drainage and sewerage projects.
    998338 Engineering services for other projects.
    998339 Project management services for construction projects.

    Group 99834: Scientific and Other Technical Services

    998341 Geological and geophysical consulting services.
    998342 Subsurface surveying services.
    998343 Mineral exploration and evaluation.
    998344 Surface surveying and map-making services.
    998345 Weather forecasting and meteorological services.
    998346 Technical testing and analysis services.
    998347 Certification of ships, dams, aircraft, etc.
    998348 Certification and authentication of works of art.
    998349 Other technical and scientific services.

    Group 99835: Veterinary Services

    998351 Veterinary services for pet animals.
    998352 Veterinary services for livestock.
    998359 Other veterinary services.

    Group 99836: Advertising Services and Provision of Advertising Time or Space

    998361 Advertising services.
    998362 Sale or purchase of advertising time or space on commission.
    998363 Sale of advertising space in print media, except on commission.
    998364 Sale of radio and TV advertising time.
    998365 Sale of internet advertising space.
    998366 Sale of other advertising time or space, except on commission

    Group 99837: Market Research and Public Opinion Polling Services

    998371 Market research services.
    998372 Public opinion polling services.

    Group 99838: Photography and Videography and their Processing Services

    998381 Public opinion polling services.
    998382 Advertising and related photography services.
    998383 Event photography and event videography services.
    998384 Specialty photography services.
    998385 Restoration and retouching services of photography.
    998386 Photographic and videographic processing services.
    998387 Other photography and videography and their processing services.

    Group 99839: Other Professional, Business and Technical Services

    998391 Specialty design services including interior design, industrial design fashion design, and other specialty design services.
    998392 Design originals.
    998393 Technical and scientific consulting services.
    998394 Original compilations of information/facts.
    998395 Translation and interpretation services.
    998396 Franchises and trademarks.
    998397 Brand promotion services and sponsorship services.
    998399 Other professional, business and technical services.

    Group 99841: Telephony and Other Telecommunications Services

    998411 Carrier services
    998412 Fixed telephony services
    998413 Mobile telecommunications services
    998414 Private network services
    998415 Data transmission services
    998419 Other telecommunications services including Fax services, Telex services n.e.c.

    Group 99842: Internet Telecommunications Services

    998421 Internet backbone services
    998422 Internet access services in wired and wireless mode.
    998423 Fax, telephony over the Internet
    998424 Audio conferencing and video conferencing over the Internet
    998429 Other Internet telecommunications services n.e.c.

    Group 99843: Online Content Services

    998431 On-line text based information such as online books, newpapers, periodicals, directories etc
    998432 On-line audio content
    998433 On-line video content
    998434 Software downloads
    998439 Other on-line contents n.e.c.

    Group 99844: News Agency Services

    998441 News agency services to newspapers and periodicals
    998442 Services of independent journalists and press photographers
    998443 News agency services to audiovisual media

    Group 99845: Library and Archive Services

    998451 Library services
    998452 Operation services of public archives including digital archives
    998453 Operation services of historical archives including digital archives

    Group 99846: Broadcasting, Programming and Programme Distribution Services

    998461 Radio broadcast originals
    998462 Television broadcast originals
    998463 Radio channel programmes
    998464 Television channel programmes
    998465 Broadcasting services
    998466 Home programme distribution services

    Group 99851: Employment Services Including Personnel Search / Referral Service and Labour Supply Services

    998511 Executive/retained personnel search services
    998512 Permanent placement services, apart from executive search services
    998513 Contract staffing services
    998514 Temporary staffing services
    998515 Long-term staffing (pay rolling) services
    998516 Temporary staffing-to-permanent placement services
    998517 Co-employment staffing services
    998519 Other employment & labour supply services n.e.c

    Group 99852: Investigation and Security Services

    998521 Investigation services
    998522 Security consulting services
    998523 Security systems services
    998524 Armoured car services
    998525 Guard services
    998526 Training of guard dogs
    998527 Polygraph services
    998528 Fingerprinting services
    998529 Other security services n.e.c.

    Group 99853: Cleaning Services

    998531 Disinfecting and exterminating services
    998532 Window cleaning services
    998533 General cleaning services
    998534 Specialized cleaning services for reservoirs and tanks
    998535 Sterilization of objects or premises (operating rooms)
    998536 Furnace and chimney cleaning services
    998537 Exterior cleaning of buildings of all types
    998538 Cleaning of transportation equipment
    998539 Other cleaning services n.e.c.

    Group 99854: Packaging Services

    998540 Packaging services of goods for others
    998541 Parcel packing and gift wrapping
    998542 Coin and currency packing services
    998549 Other packaging services n.e.c

    Group 99855: Travel, Arrangement, Tour Operator and Related Services

    998551 Reservation services for transportation
    998552 Reservation services for accommodation, cruises and package tours
    998553 Reservation services for convention centres, congress centres and exhibition halls
    998554 Reservation services for event tickets, cinema halls, entertainment and recreational services and other reservation services
    998555 Tour operator services
    998556 Tourist guide services
    998557 Tourism promotion and visitor information services
    998559 Other travel arrangement and related services n.e.c

    Group 99859: Other Support Services

    998591 Credit reporting & rating services
    998592 Collection agency services
    998593 Telephone-based support services
    998594 Combined office administrative services
    998595 Specialized office support services such as duplicating services, mailing services, document preparation etc
    998596 Events, Exhibitions, Conventions and trade shows organisation and assistance services
    998597 Landscape care and maintenance services
    998598 Other information services n.e.c.
    998599 Other support services n.e.c.

    Group 99861: Support Services to Agriculture, Hunting, Fishing and Forestry

    998611 Support services to crop production
    998612 Animal husbandry services
    998613 Support services to hunting
    998614 Support services to forestry and logging
    998615 Support services to fishing
    998619 Other support services to agriculture, hunting, forestry and fishing

    Group 99862: Support Services to Mining

    998621 Support services to oil and gas extraction
    998622 Support services to other mining n.e.c.

    Group 99863: Support Services to Electricity, Gas and Water Distribution

    998631 Support services to electricity transmission and distribution
    998632 Support services to gas distribution
    998633 Support services to water distribution
    998634 Support services to Distribution services of steam, hot water and air-conditioning supply

    Group 99871: Maintenance and Repair Services of Fabricated Metal, Equipment and Machinery

    998711 Maintenance and repair services of fabricated metal products, not including equipment and machinery.
    998712 Repair and maintenance services of accounting and office machinery.
    998713 Repair and maintenance services of peripheral equipment and computers.
    998714 Repair and maintenance services of transport equipment and machinery.
    998715 Repair and maintenance services of electrical household equipment.
    998716 Repair and maintenance services of telecommunication apparatus and equipment.
    998717 Repair and maintenance services of industrial and commercial machinery.
    998718 Repair and maintenance services of escalators and elevators.
    998719 Repair and maintenance services of other equipment and machinery.

    Group 99872: Repair Services of Other Goods

    998721 Repair services of leather goods and footwear.
    998722 Repair services of jewellery, clocks and watches.
    998723 Repair services of household textiles and garments.
    998724 Repair services of furniture.
    998725 Repair services of bicycles.
    998726 Repair and maintenance services of musical instruments.
    998727 Repair services for cameras and photographic cameras.
    998729 Repair and maintenance services of other goods.

    Group 99873: Installation Services (Not Including Construction)

    998731 Installation services of fabricated metal products, not including equipment and machinery.
    998732 Installation services of manufacturing, industrial, and service industry equipment and machinery.
    998733 Installation services of accounting and office machinery and computers.
    998734 Installation services of television, radio and communications apparatus and equipment.
    998735 Installation services of professional medical equipment and machinery, and optical and precision instruments.
    998736 Installation services of electrical apparatus and machinery.
    998739 Installation services of other goods.

    Group 99881: Food, Beverage and Tobacco Manufacturing Services

    998811 Meat processing services.
    998812 Fish processing services.
    998813 Vegetables and fruit processing services.
    998814 Vegetable and fat and animal oil manufacturing services.
    998815 Dairy product manufacturing services.
    998816 Other food product manufacturing services.
    998817 Prepared animal feeds manufacturing services.
    998818 Beverage manufacturing services.
    998819 Tobacco manufacturing services.

    Group 99882: Textile, Wearing Apparel and Leather Manufacturing Services

    998821 Textile manufacturing services.
    998822 Wearing apparel manufacturing services.
    998823 Leather and leather product manufacturing services.

    Group 99883: Paper and Wood Manufacturing Services

    998831 Wood and wood product manufacturing services.
    998832 Paper and paper product manufacturing services.

    Group 99884: Petroleum, Pharmaceutical and Chemical Manufacturing Services

    998841 Coke and refined petroleum product manufacturing services.
    998842 Chemical product manufacturing services.
    998843 Pharmaceutical product manufacturing services.

    Group 99885: Plastic, Rubber and Other Non-Metallic Mineral Product Manufacturing Services

    998851 Rubber and plastic product manufacturing services.
    998852 Plastic product manufacturing services.
    998853 Other non-metallic mineral product manufacturing services.

    Group 99886: Basic Metal Manufacturing Services

    998860 Basic metal manufacturing services.

    Group 99887: Fabricated Metal Product, Equipment and Machinery Manufacturing Services

    998871 Structural metal product, reservoir, steam generator and tank manufacturing services.
    998872 Ammunition and weapon manufacturing services.
    998873 Other fabricated metal product treatment and product manufacturing services.
    998874 Computer, optical and electronic product manufacturing services.
    998875 Electrical equipment manufacturing services.
    998876 General-purpose machinery manufacturing services.
    998877 Special-purpose machinery manufacturing services.

    Group 99888: Transport Equipment Manufacturing Services

    998881 Trailer and motor vehicle manufacturing services.
    998882 Other transport equipment manufacturing services.

    Group 99889: Other Manufacturing Services

    998891 Furniture manufacturing services.
    998892 Jewellery manufacturing services.
    998893 Imitation jewellery manufacturing services.
    998894 Musical instrument manufacturing services.
    998895 Sports goods manufacturing services.
    998896 Game and top manufacturing services.
    998897 Dental and medical instrument and supply manufacturing services.
    998898 Other manufacturing services.

    Group 99891: Printing, Publishing and Reproduction Services

    998911 Publishing on a contract or fee basis.
    998912 Printing and reproduction services of recorded media on a contract or fee basis.

    Group 99892: Moulding, Pressing, Extruding, Stamping and Similar Plastic Manufacturing Services

    998920 Moulding, pressing, extruding, stamping and similar plastic manufacturing services.

    Group 99893: Casting, Stamping, Forging and Similar Metal Manufacturing Services

    998931 Steel and iron casting services.
    998932 Non-ferrous metal casting services.
    998933 Metal forging, stamping, roll forming, pressing and powder metallurgy services.

    Group 99894: Materials Recovery Services

    998941 Metal waste and scrap recovery services on a contract or fee basis.
    998942 Non-metal waste and scrap recovery services on a contract or fee basis.

    SECTION 9: COMMUNITY, SOCIAL AND PERSONAL SERVICES, AND OTHER MISCELLANEOUS SERVICES

    Group 99911: Administrative Services of the Government

    999111 Overall Government public services
    999112 Public administrative services related to the provision of educational, health care, cultural and other social services, excluding social security service.
    999113 Public administrative services related to the more efficient operation of business.
    999119 Other administrative services of the government n.e.c.

    Group 99912: Public Administrative Services Provided to the Community as a Whole

    999121 Public administrative services related to external affairs, diplomatic and consular services abroad.
    999122 Services related to foreign economic aid
    999123 Services related to foreign military aid
    999124 Military defence services
    999125 Civil defence services
    999126 Police and fire protection services
    999127 Public administrative services related to law courts
    999128 Administrative services related to the detention or rehabilitation of criminals.
    999129 Public administrative services related to other public order and safety affairs n.e.c.

    Group 99913: Administrative Services Related to Compulsory Social Security Schemes

    999131 Administrative services related to sickness, maternity or temporary disablement benefit schemes.
    999132 Administrative services related to government employee pension schemes; old-age disability or survivors' benefit schemes, apart from for government employees
    999133 Administrative services related to unemployment compensation benefit schemes
    999134 Administrative services related to family and child allowance programmes

    Group 99921: Pre-Primary Education Services

    999210 Pre-primary education services.

    Group 99922: Primary Education Services

    999220 Primary education services.

    Group 99923: Secondary Education Services

    999231 General secondary education services.
    999232 Vocational and technical secondary education services.

    Group 99924: Higher Education Services

    999241 General higher education services.
    999242 Technical higher education services.
    999243 Vocational higher education services.
    999249 Other higher education services.

    Group 99925: Specialised Education Services

    999259 Specialised education services.

    Group 99929: Other Education and Training Services, and Educational Support Services

    999291 Cultural education services.
    999292 Recreation and sports education services.
    999293 Coaching and commercial training services.
    999294 Other training and education services.
    999295 Services that involve conduct of examination for admission to educational institutions.
    999299 Other educational support services.

    Group 99931: Human Health Services

    999311 Inpatient Services.
    999312 Dental and medical services.
    999313 Childbirth and related services.
    999314 Physiotherapeutic and nursing services.
    999315 Ambulance services.
    999316 Diagnostic imaging and medical laboratory services.
    999317 Organ, sperm and blood bank services.
    999319 Other human health services including Ayurveda, homeopathy, acupuncture, unani, naturopathy, etc.

    Group 99932: Residential Care Services for the Disabled and Elderly

    999321 Residential health care services offered by facilities apart from hospitals.
    999322 Residential care services for individuals with disabilities and the elderly.

    Group 99933: Other Social Services with Accommodation

    999331 Residential care services for children who suffer from substance abuse, mental health illness, or mental retardation.
    999332 Other social services with accommodation for children.
    999333 Residential care services for adults who suffer from substance abuse, mental health illness, or mental retardation.
    999334 Other social services for accommodations for adults.

    Group 99934: Social Services without Accommodation for the Disabled and Elderly

    999341 Vocational rehabilitation services.
    999349 Other social services without accommodation for the disabled and elderly.

    Group 99935: Other Social Services without Accommodation

    999351 Child day-care services.
    999352 Counselling and guidance services related to children.
    999353 Welfare services without accommodation.
    999359 Other social services without accommodation.

    Group 99941: Sewerage, Sewage Treatment and Septic Tank Cleaning Services

    999411 Sewerage and sewage treatment services
    999412 Septic tank emptying and cleaning services

    Group 99942: Waste Collection Services

    999421 Collection services of hazardous waste
    999422 Collection services of non-hazardous recyclable materials
    999423 General waste collection services, residential
    999424 General waste collection services, other n.e.c.

    Group 99943: Waste Treatment and Disposal Services

    999431 Waste preparation, consolidation and storage services
    999432 Hazardous waste treatment and disposal services
    999433 Non-hazardous waste treatment and disposal services

    Group 99944: Remediation Services

    999441 Site remediation and clean-up services
    999442 Containment, control and monitoring services and other site remediation services
    999443 Building remediation services
    999449 Other remediation services n.e.c.

    Group 99945: Sanitation and Similar Services

    999451 Sweeping and snow removal services
    999459 Other sanitation services n.e.c.

    Group 99949: Other Environmental Protection Services

    999490 Other environmental protection services.

    Group 99951: Services Furnished by Business, Employers and Professional Organisations Services

    999511 Services furnished by business and employers organizations
    999512 Services furnished by professional organizations

    Group 99952: Services Furnished by Trade Unions

    999520 Services furnished by trade unions.

    Group 99959: Services Furnished by Other Membership Organisations

    999591 Religious services
    999592 Services furnished by political organizations
    999593 Services furnished by human rights organizations
    999594 Cultural and recreational associations
    999595 Services furnished by environmental advocacy groups
    999596 Services provided by youth associations
    999597 Other civic and social organizations
    999598 Home owners associations
    999599 Services provided by other membership organizations n.e.c.

    Group 99961: Audio-Visual and Related Services

    999611 Sound recording services
    999612 Motion picture, videotape, television and radio programme production services
    999613 Audiovisual post-production services
    999614 Motion picture, videotape and television programme distribution services
    999615 Motion picture projection services

    Group 99962: Performing Arts and Other Live Entertainment Event Presentation and Promotion Services

    999621 Performing arts event promotion and organization services
    999622 Performing arts event production and presentation services
    999623 Performing arts facility operation services
    999629 Other performing arts and live entertainment services n.e.c.

    Group 99963: Services of Performing and Other Artists

    999631 Services of performing artists including actors, readers, musicians, singers, dancers, TV personalities, independent models etc
    999632 Services of authors, composers, sculptors and other artists, except performing artists
    999633 Original works of authors, composers and other artists except performing artists, painters and sculptors

    Group 99964: Museum and Preservation Services

    999641 Museum and preservation services of historical sites and buildings
    999642 Botanical, zoological and nature reserve services

    Group 99965: Sports and Recreational Sports Services

    999651 Sports and recreational sports event promotion and organization services
    999652 Sports and recreational sports facility operation services
    999659 Other sports and recreational sports services n.e.c.

    Group 99966: Services of Athletes and Related Supported Services

    999661 Services of athletes
    999662 Support services related to sports and recreation

    Group 99969: Other Amusement and Recreational Services

    999691 Amusement park and similar attraction services
    999692 Gambling and betting services including similar online services
    999693 Coin-operated amusement machine services
    999694 Lottery services
    999699 Other recreation and amusement services n.e.c.

    Group 99971: Washing, Cleaning and Dyeing Services

    999711 Coin-operated laundry services
    999712 Dry-cleaning services (including fur product cleaning services)
    999713 Other textile cleaning services
    999714 Pressing services
    999715 Dyeing and colouring services
    999719 Other washing, cleaning and dyeing services n.e.c

    Group 99972: Beauty and Physical Well-Being Services

    999721 Hairdressing and barbers services
    999722 Cosmetic treatment (including cosmetic/plastic surgery), manicuring and pedicuring services
    999723 Physical well-being services including health club & fitness centre
    999729 Other beauty treatment services n.e.c.

    Group 99973: Funeral, Cremation and Undertaking Services

    999731 Cemeteries and cremation services
    999732 Undertaking services

    Group 99979: Other Miscellaneous Services

    999791 Services involving commercial use or exploitation of any event
    999792 Agreeing to do an act
    999793 Agreeing to refrain from doing an act
    999794 Agreeing to tolerate an act
    999795 Conduct of religious ceremonies/rituals by persons
    999799 Other services n.e.c.

    Group 99980: Domestic Services

    999800 Domestic services, part time as well as full time.

    Group 99990: Services Provided by Extraterritorial Organisations and Bodies

    999900 Services provided by extraterritorial organisations and bodies.

    Harmonised System Nomenclature code, or HSN code as it is commonly called, is a number that is a globally adopted product description and coding system created by the WCO (World Customs Organisation). Over 200 countries across the globe use the HSN code as a basis for their customs tariffs. The code is used by the Indian government to classify commodities under GST. Here are the HSN codes for the various goods under GST:

    CHAPTER 1 LIVE ANIMALS
    0101 Live asses, hinnies, and mules
    0101 Live horses
    0102 Live bovine animals
    0103 Live swine
    0104 Live goats and sheep
    0105 Live poultry, i.e. fowls of the species Gallus Domesticus, such as turkeys, geese, guinea fowls, and ducks
    0106 Other live animals like insects, birds and mammals
    CHAPTER 2 MEAT AND EDIBLE MEAT OFFAL
    0201 Meat of bovine animals, chilled and fresh
    0202 Meat of bovine animals frozen (except frozen and stored in unit container)
    0202 Meat of bovine animals, frozen and stored in unit containers
    0203 Meat of swine, fresh, frozen or chilled (except frozen and stored in unit container)
    0203 Meat of swine, frozen and stored in unit containers
    0204 Meat of goats or sheep, fresh, frozen, or chilled (except frozen and stored in unit container)
    0204 Meat of goats or sheep, frozen and stored in unit containers
    0205 Meat of hinnies, horses, mules, or asses, frozen, fresh, or chilled (except frozen and put up in unit container)
    0205 Meat of hinnies, horses, mules, or asses, frozen and stored in unit containers
    0206 Edible offal of bovine animals, goats, sheep, swine, horses, mules, asses, or hinnies, frozen, chilled, or fresh (except frozen and stored in unit container)
    0206 Edible offal of bovine animals, goats, sheep, swine, horses, mules, asses, or hinnies, frozen and stored in unit containers
    0207 Meat and edible offal, of the poultry under code 0105, frozen, chilled or fresh (except frozen and stored in unit container)
    0207 Meat and edible offal, of the poultry under code 0105, frozen and stored in unit containers
    0208 Other meat and edible meat offal, frozen, chilled or fresh (except frozen and stored in unit container)
    0208 Other meat and edible meat offal, frozen and stored in unit containers
    0209 Poultry fat, and pig fat, free of lean meat, not rendered or otherwise extracted, frozen, chilled or fresh (except frozen and stored in unit container)
    0209 Poultry fat, and pig fat, free of lean meat, not rendered or otherwise extracted, salted, in brine, smoked or dried (except stored in unit containers)
    0209 Poultry fat, and pig fat, free of lean meat, not rendered or otherwise extracted, frozen and stored in unit containers
    0209 Poultry fat, and pig fat, free of lean meat, not rendered or otherwise extracted, salted, in brine, smoked or dried, stored in unit containers
    0210 Meat and edible meat offal, salted, in brine, smoked or dried; edible flours and meals of meat or meat offal, except stored in unit containers
    0210 Meat and edible meat offal, salted, in brine, smoked or dried and stored in unit containers; edible flours and meals of meat or meat offal stored in unit containers
    CHAPTER 3 FISH AND CRUSTACEANS
    03 Fish seeds, shrimp / prawn seeds, whether or not processed, cured or in frozen state (except goods falling under Chapter 3 and attracting 5%)
    0301 Live fish
    0302 Fish, chilled or fresh, not including fish fillets and other fish meat under code 0304
    0303 Fish, frozen, not including fish fillets and other fish meat under code 0304
    0304 Fish fillets and other fish meat (whether or not minced), chilled or fresh.
    0304 Fish fillets and other fish meat (whether or not minced), frozen
    0305 Fish, salted, dried or in brine; smoked fish, whether or not cooked before or during the smoking process; flours, meals and pellets of fish, fit for human consumption
    0306 Crustaceans, whether in shell or not, live, fresh or chilled; crustaceans, in shell, cooked by steaming or by boiling in water live, chilled or fresh
    0306 Crustaceans, whether in shell or not, salted, dried, frozen, or in brine; crustaceans, in shell, cooked by steaming or by boiling in water, salted, dried, frozen, or in brine; flours, meals and pellets of crustaceans, fit for human consumption
    0307 Molluscs, whether in shell or not, live, chilled, fresh; aquatic invertebrates apart from molluscs and crustaceans, live, chilled or fresh
    0307 Molluscs, whether in shell or not, salted, dried, frozen, or in brine; aquatic invertebrates apart from molluscs and crustaceans, salted, dried, frozen, or in brine; flours, meals and pellets of aquatic invertebrates apart from crustaceans, fit for human consumption
    0308 Aquatic invertebrates apart from molluscs and crustaceans, live, fresh or chilled.
    0308 Aquatic invertebrates apart from molluscs and crustaceans, salted, dried, frozen, or in brine; smoked aquatic invertebrates apart from molluscs and crustaceans, whether or not cooked before or during the smoking process: flours, meals and pellets of aquatic invertebrates apart from molluscs and crustaceans, fit for human consumption
    CHAPTER 4 DAIRY, EGGS, HONEY AND EDIBLE PRODUCTS
    0401 Fresh milk and pasteurised milk, including separated milk, milk and cream, not concentrated nor containing added sugar or other sweetening matter, not including Ultra High Temperature (UHT) milk
    0401 Ultra-High Temperature (UHT) milk
    0402 Milk and cream, concentrated or containing added sugar or other sweetening matter, including skimmed milk powder, milk food for babies [apart from condensed milk]
    0402 Condensed milk
    0403 Curd; Lassi; Butter milk
    0403 Cream, yogurt, kephir and other fermented or acidified milk and cream, whether or not concentrated or containing added sugar or other sweetening matter or flavoured or containing added fruit, nuts or cocoa
    0404 Whey, whether or not concentrated or containing added sugar or other sweetening matter; products consisting of natural milk constituents, whether or not containing added sugar or other sweetening matter, not elsewhere specified or included
    0405 Butter and other fats (i.e. ghee, butter oil, etc.) and oils derived from milk; dairy spreads
    0406 Chena or paneer, apart from put up in unit containers and bearing a registered brand name;
    0406 Chena or paneer put up in unit container and bearing a registered brand name
    0406 Cheese
    0407 Birds’ eggs, in shell, fresh, preserved or cooked
    0408 Birds’ eggs, not in shell, and egg yolks, fresh, dried, cooked by steaming or by boiling in water, moulded, frozen or otherwise preserved, whether or not containing added sugar or other sweetening matter.
    0409 Natural honey, other than put up in unit container and bearing a registered brand name
    0409 Natural honey, put up in unit container and bearing a registered brand name
    0410 Edible products of animal origin, not elsewhere specified or included
    CHAPTER 5 PRODUCTS OF ANIMAL ORIGIN
    0501 Human hair, unworked, whether or not washed or scoured; waste of human hair
    0502 Pigs’, hogs’ or boars’ bristles and hair; badger hair and other brush making hair; waste of such bristles or hair.
    0504 Guts, bladders and stomachs of animals (apart from fish), whole and pieces thereof, fresh, chilled, frozen, salted, in brine, dried or smoked.
    0505 Skins and other parts of birds, with their feathers or down, feathers and parts of feathers (whether or not with trimmed edges) and down, not further worked than cleaned, disinfected or treated for preservation; powder and waste of feathers or parts of feathers
    0506 All goods i.e. Bones and horn-cores, unworked, defatted, simply prepared (but not cut to shape), treated with acid or gelatinised; powder and waste of these products
    0507 Ivory, tortoise-shell, whalebone and whalebone hair, horns, unworked or simply prepared but not cut to shape; powder and waste of these products.
    0507 All goods i.e. Hoof meal; horn meal; hooves, claws, nails and beaks; antlers; etc.
    0508 Coral and similar materials, unworked or simply prepared but not otherwise worked; shells of molluscs, crustaceans or echinoderms and cuttle-bone, unworked or simply prepared but not cut to shape, powder and waste thereof.
    0510 Ambergris, castoreum, civet and musk; cantharides; bile, whether or not dried; glands and other animal products used in the preparation of pharmaceutical products, fresh, chilled, frozen or otherwise provisionally preserved.
    0511 Semen including frozen semen
    0511 Animal products not elsewhere specified or included; dead animals of Chapter 1 or 3, unfit for human consumption, apart from semen including frozen semen.
    CHAPTER 6 LIVE TREES AND OTHER PLANTS
    0601 Bulbs, tubers, corms, rhizomes, tuberous roots and crowns
    0602 Unrooted cuttings and slips; bushes, shrubs and trees, grafted or not, and bearing edible nuts or fruits; azaleas and rhododendrons, grafted or not; roses, grafted or not; mushroom spawn; herbaceous perennials such as orchid plants, with roots attached to soil
    0603 Fresh cut flowers and flower buds (bleached, dyed, dried, or otherwise prepared)
    0604 Foliage, grasses, etc. such as lichens and mosses, branches or grass, dried or prepared otherwise
    CHAPTER 7 EDIBLE VEGETABLES
    0701 Potatoes, fresh or chilled.
    0702 Tomatoes, fresh or chilled.
    0703 Onions, shallots, garlic, leeks and other alliaceous vegetables, fresh or chilled.
    0704 Cabbages, cauliflowers, kohlrabi, kale and similar edible brassicas, fresh or chilled.
    0705 Lettuce (Lactuca sativa) and chicory (Cichorium spp.), fresh or chilled.
    0706 Carrots, turnips, salad beetroot, salsify, celeriac, radishes and similar edible roots, fresh or chilled.
    0707 Cucumbers and gherkins, fresh or chilled.
    0708 Leguminous vegetables, shelled or unshelled, fresh or chilled.
    0709 Other vegetables, fresh or chilled.
    0710 Vegetables (uncooked or cooked by steaming or boiling in water), frozen
    0711 Vegetables provisionally preserved (for example, by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions), but unsuitable in that state for immediate consumption
    0712 Dried vegetables, whole, cut, sliced, broken or in powder, but not further prepared.
    0713 Dried leguminous vegetables, shelled, whether or not skinned or split.
    0713 Dried leguminous vegetables, shelled, whether or not skinned or split [put up in unit container and bearing a registered brand name]
    0714 Manioc, arrowroot, salep, Jerusalem artichokes, sweet potatoes and similar roots and tubers with high starch or inulin content, fresh or chilled; sago pith.
    0714 Manioc, arrowroot, salep, Jerusalem artichokes, sweet potatoes and similar roots and tubers with high starch or inulin content, frozen or dried, whether or not sliced or in the form of pellets
    CHAPTER 8 EDIBLE FRUITS AND NUTS, PEEL OF LEMONS/CITRUS
    0801 Coconuts, fresh or dried, whether or not shelled or peeled
    0801 Brazil nuts, fresh, whether or not shelled or peeled
    0801 Cashew nuts, whether or not shelled or peeled
    0801 Brazil nuts, dried, whether or not shelled or peeled
    0802 Other nuts, Other nuts, fresh such as Almonds, Hazelnuts or filberts (Coryius spp.), walnuts, Chestnuts (Castanea spp.), Pistachios, Macadamia nuts, Kola nuts (Cola spp.), Areca nuts, fresh, whether or not shelled or peeled
    0802 Dried areca nuts, whether or not shelled or peeled
    0802 Dried chestnuts (singhada), whether or not shelled or peeled
    0802 Other nuts, dried, whether or not shelled or peeled, such as Almonds, Hazelnuts or filberts (Coryius spp.), walnuts, Chestnuts (Castanea spp.), Pistachios, Macadamia nuts, Kola nuts (Cola spp.) [apart from dried areca nuts]
    0803 Bananas, including plantains, fresh or dried
    0804 Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens, fresh.
    0804 Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens, dried
    0805 Citrus fruit, such as Oranges, Mandarins (including tangerines and satsumas); clementines, wilkings and similar citrus hybrids, Grapefruit, including pomelos, Lemons (Citrus limon, Citrus limonum) and limes (Citrus aurantifolia, Citrus latifolia), fresh.
    0806 Grapes, fresh
    0806 Grapes, dried, and raisins
    0807 Melons (including watermelons) and papaws (papayas), fresh.
    0808 Apples, pears and quinces, fresh.
    0809 Apricots, cherries, peaches (including nectarines), plums and sloes, fresh.
    0810 Other fruit such as strawberries, raspberries, blackberries, mulberries and loganberries, black, white or red currants and gooseberries, cranberries, bilberries and other fruits of the genus vaccinium, Kiwi fruit, Durians, Persimmons, Pomegranates, Tamarind, Sapota (chico), Custard-apple (ata), Bore, Lichi, fresh.
    0811 Fruit and nuts, uncooked or cooked by steaming or boiling in water, frozen, whether or not containing added sugar or other sweetening matter
    0812 Fruit and nuts, provisionally preserved (for example, by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions), but unsuitable in that state for immediate consumption
    0813 Fruit, dried, apart from that of headings 0801 to 0806; mixtures of nuts or dried fruits of Chapter 8
    0814 Peel of citrus fruit or melons (including watermelons), fresh.
    0814 Peel of citrus fruit or melons (including watermelons), frozen, dried or provisionally preserved in brine, in sulphur water or in other preservative solutions
    CHAPTER 9 COFFEE, TEA, MATE AND SPICES
    0901 Coffee beans, not roasted
    0901 Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion [apart from coffee beans not roasted]
    0902 Unprocessed green leaves of tea
    0902 Tea, whether or not flavoured [apart from unprocessed green leaves of tea]
    0903 Maté
    0904 Pepper of the genus Piper; dried or crushed or ground fruits of the genus Capsicum or of the genus Pimenta
    0905 Vanilla
    0906 Cinnamon and cinnamon-tree flowers
    0907 Cloves (whole fruit, cloves and stems)
    0908 Nutmeg, mace and cardamoms
    0909 Seeds of anise, badian, fennel, coriander, cumin or caraway; juniper berries [of seed quality]
    0909 Seeds of anise, badian, fennel, coriander, cumin or caraway; juniper berries [apart from of seed quality]
    0910 Ginger apart from fresh ginger, saffron, turmeric (curcuma) apart from fresh turmeric, thyme, bay leaves, curry and other spices
    0910 Fresh ginger, apart from in processed form
    0910 Fresh turmeric, apart from in processed form
    CHAPTER 10 CEREALS
    1001 Wheat and meslin [other than those put up in unit container and bearing a registered brand name]
    1001 Wheat and meslin put up in unit container and bearing a registered brand name
    1002 Rye [apart from those put up in unit container and bearing a registered brand name]
    1002 Rye put up in unit container and bearing a registered brand name
    1003 Barley [other than those put up in unit container and bearing a registered brand name]
    1003 Barley put up in unit container and bearing a registered brand name
    1004 Oats [apart from those put up in unit container and bearing a registered brand name]
    1004 Oats put up in unit container and bearing a registered brand name
    1005 Maize (corn) [apart from those put up in unit container and bearing a registered brand name]
    1005 Maize (corn) put up in unit container and bearing a registered brand name
    1006 Rice [apart from those put up in unit container and bearing a registered brand name]
    1006 Rice put up in unit container and bearing a registered brand name
    1007 Grain sorghum [apart from those put up in unit container and bearing a registered brand name]
    1007 Grain sorghum put up in unit container and bearing a registered brand name
    1008 Buckwheat, millet and canary seed; other cereals such as Jawar, Bajra, Ragi] [apart from those put up in unit container and bearing a registered brand name]
    1008 Buckwheat, millet and canary seed; other cereals such as Jawar, Bajra, Ragi] put up in unit container and bearing a registered brand name
    CHAPTER 11 MILLING INDUSTRY PRODUCTS
    1101 Wheat or meslin flour [apart from those put up in unit container and bearing a registered brand name].
    1101 Wheat or meslin flour put up in unit container and bearing a registered brand name.
    1102 Cereal flours apart from of wheat or meslin, [maize (corn) flour, Rye flour, etc.] [apart from those put up in unit container and bearing a registered brand name]
    1102 Cereal flours apart from of wheat or meslin i.e. maize (corn) flour, Rye flour, etc. put up in unit container and bearing a registered brand name
    1103 Cereal groats, meal and pellets [other than those put up in unit container and bearing a registered brand name]
    1103 Cereal groats, meal and pellets, including suji and dalia, put up in unit container and bearing a registered brand name
    1104 Cereal grains hulled
    1104 Cereal grains otherwise worked (for example, rolled, flaked, pearled, sliced or kibbled), except rice of heading 1006; germ of cereals, whole, rolled, flaked or ground [apart from hulled cereal grains]
    1105 Flour, of potatoes [apart from those put up in unit container and bearing a registered brand name]
    1105 Meal, powder, flakes, granules and pellets of potatoes put up in unit container and bearing a registered brand name
    1106 Flour, of the dried leguminous vegetables of heading 0713 (pulses) [apart from guar meal 1106 10 10 and guar gum refined split 1106 10 90], of sago or of roots or tubers of heading 0714 or of the products of Chapter 8 i.e. of tamarind, of singoda, mango flour, etc. [apart from those put up in unit container and bearing a registered brand name]
    1106 Meal and powder of the dried leguminous vegetables of heading 0713 (pulses) [apart from guar meal 1106 10 10 and guar gum refined split 1106 10 90], of sago or of roots or tubers of heading 0714 or of the products of Chapter 8, put up in unit container and bearing a registered brand name
    1106 Guar meal
    1106 Guar gum refined split
    1107 Malt, whether or not roasted
    1108 Starches; inulin
    1109 Wheat gluten, whether or not dried
    CHAPTER 12 AOIL SEEDS / MEDICAL PLANTS / STRAW / MISCELLANEOUS GRAINS
    1201 Soya beans, whether or not broken, of seed quality.
    1201 Soya beans, whether or not broken apart from of seed quality.
    1202 Ground-nuts, not roasted or otherwise cooked, whether or not shelled or broken, of seed quality.
    1202 Ground-nuts, not roasted or otherwise cooked, whether or not shelled or broken apart from of seed quality.
    1203 Copra apart from of seed quality
    1204 Linseed, whether or not broken, of seed quality.
    1204 Linseed, whether or not broken apart from of seed quality.
    1205 Rape or colza seeds, whether or not broken, of seed quality.
    1205 Rape or colza seeds, whether or not broken apart from of seed quality.
    1206 Sunflower seeds, whether or not broken, of seed quality.
    1206 Sunflower seeds, whether or not broken apart from of seed quality
    1207 Other oil seeds and oleaginous fruits (i.e. Palm nuts and kernels, cotton seeds, Castor oil seeds, Sesamum seeds, Mustard seeds, Saffower (Carthamus tinctorius) seeds, Melon seeds, Poppy seeds, Ajams, Mango kernel, Niger seed, Kokam) whether or not broken, of seed quality.
    1207 Other oil seeds and oleaginous fruits (i.e. Palm nuts and kernels, cotton seeds, Castor oil seeds, Sesamum seeds, Mustard seeds, Saffower (Carthamustinctorius) seeds, Melon seeds, Poppy seeds, Ajams, Mango kernel, Niger seed, Kokam) whether or not broken, apart from of seed quality
    1208 Flour and meals of oil seeds or oleaginous fruits, apart from those of mustard
    1209 Seeds, fruit and spores, of a kind used for sowing.
    1210 Hop cones, fresh.
    1210 Hop cones, dried, whether or not ground, powdered or in the form of pellets; lupulin
    1211 Plants and parts of plants (including seeds and fruits), of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purpose, fresh or chilled.
    1211 Plants and parts of plants (including seeds and fruits), of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purpose, frozen or dried, whether or not cut, crushed or powdered
    1212 Locust beans, seaweeds and other algae, sugar beet and sugar cane, fresh or chilled.
    1212 Locust beans, seaweeds and other algae, sugar beet and sugar cane, frozen or dried, whether or not ground; fruit stones and kernels and other vegetable products (including unroasted chicory roots of the variety Cichoriumintybussativum) of a kind used primarily for human consumption, not elsewhere specified or included
    1213 Cereal straw and husks, unprepared, whether or not chopped, ground, pressed or in the form of pellets
    1214 Swedes, mangolds, fodder roots, hay, lucerne (alfalfa), clover, sainfoin, forage kale, lupines, vetches and similar forage products, whether or not in the form of pellets.
    CHAPTER 13 LAC, GUM, RESINS, ETC.
    1301 Lac and Shellac
    1301 Natural gums, resins, gum-resins and oleoresins (for example, balsams) [apart from lac and shellac]
    1301 Compounded asafoetida commonly known as heeng
    1302 Vegetable saps and extracts; pectic substances, pectinates and pectates; agar-agar and other mucilages and thickeners, whether or not modified, derived from vegetable products.
    CHAPTER 14 VEGETABLE PLAITING MATERIALS
    1401 Vegetable materials of a kind used primarily for plaiting (for example, bamboos, rattans, reeds, rushes, osier, raffia, cleaned, bleached or dyed cereal straw, and lime bark)
    1404 Vegetable products not elsewhere specified or included such as cotton linters, Cotton linters, Soap nuts, Hard seeds, pips, hulls and nuts, of a kind used primarily for carving, coconut shell, unworked, Rudraksha seeds [apart from bidi wrapper leaves (tendu), betel leaves, Indian katha]
    1404 Bidi wrapper leaves (tendu)
    1404 Betel leaves
    1404 Indian katha
    CHAPTER 15 ANIMAL OR VEGETABEL[1] FATS, OILS AND WAXES
    1501 Pig fats (including lard) and poultry fat, apart from that of heading 0209 or 1503
    1502 Fats of bovine animals, sheep or goats, apart from those of heading 1503
    1503 Lard stearin, lard oil, oleo stearin, oleo-oil and tallow oil, not emulsified or mixed or otherwise prepared
    1504 Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified
    1505 Wool grease and fatty substances derived therefrom (including lanolin)
    1506 Other animal fats and oils and their fractions, whether or not refined, but not chemically modified
    1507 Soya-bean oil and its fractions, whether or not refined, but not chemically modified
    1508 Ground-nut oil and its fractions, whether or not refined, but not chemically modified.
    1509 Olive oil and its fractions, whether or not refined, but not chemically modified.
    1510 Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading 1509
    1511 Palm oil and its fractions, whether or not refined, but not chemically modified.
    1512 Sunflower-seed, safflower or cotton-seed oil and fractions thereof, whether or not refined, but not chemically modified.
    1513 Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified.
    1514 Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified.
    1515 Other fixed vegetable fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified.
    1516 Vegetable fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared.
    1516 Animal fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared.
    1517 Edible mixtures or preparations of vegetable fats or vegetable oils or of fractions of different vegetable fats or vegetable oils of this Chapter, apart from edible fats or oils or their fractions of heading 1516
    1517 Edible mixtures or preparations of animal fats or animal oils or of fractions of different animal fats or animal oils of this Chapter, apart from edible fats or oils or their fractions of heading 1516
    1517 All goods i.e. Margarine, Linoxyn
    1518 Vegetable fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 1516
    1518 Animal fats and animal oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 1516; inedible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, not elsewhere specified of included
    1520 Glycerol, crude; glycerol waters and glycerol lyes
    1521 Vegetable waxes (other than triglycerides), Beeswax, other insect waxes and spermaceti, whether or not refined or coloured
    1522 Degras, residues resulting from the treatment of fatty substances or animal or vegetable waxes
    CHAPTER 16 EDIBLE PREPARATION OF MEAT, CRUSTACEANS, FISH, ETC.
    1601 Sausages and similar products, of meat, meat offal or blood; food preparations based on these products
    1602 Other prepared or preserved meat, meat offal or blood
    1603 Extracts and juices of meat, fish or crustaceans, molluscs or other aquatic invertebrates
    1604 Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs
    1605 Crustaceans, molluscs and other aquatic invertebrates prepared or preserved
    CHAPTER 17 SUGARS AND SUGAR CONFECTIONERY
    1701 Beet sugar, cane sugar, khandsari sugar
    1701 All goods, including refined sugar containing added flavouring or colouring matter, sugar cubes
    1701 or 1702 Jaggery of all types including Cane Jaggery (gur) and Palmyra Jaggery
    1702 Palmyra sugar
    1702 Other sugars, including chemically pure lactose, maltose, glucose and fructose, in solid form; sugar syrups not containing added flavouring or colouring matter; artificial honey, whether or not mixed with natural honey; caramel [apart from palmyra sugar and Palmyra jaggery]
    1703 Molasses
    1704 Sugar confectionery (excluding white chocolate and bubble / chewing gum) [apart from bura, batasha]
    1704 Chewing gum / bubble gum and white chocolate, not containing cocoa
    CHAPTER 18 COCOA AND COCOA PREPARATIONS
    1801 Cocoa beans whole or broken, raw or roasted
    1802 Cocoa shells, husks, skins and other cocoa waste
    1803 Cocoa paste whether or not de-fatted
    1804 Cocoa butter, fat and oil
    1805 Cocoa powder, not containing added sugar or sweetening matter
    1806 Chocolates and other food preparations containing cocoa
    CHAPTER 19 PREPARATIONS OF CEREALS, MILK, STARCH OR FLOUR
    1901 Preparations suitable for infants or young children, put up for retail sale
    1901 Mixes and doughs for the preparation of bread, pastry and other baker’s wares
    1901 Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing less than 40% by weight of cocoa calculated on a totally defatted basis, not elsewhere specified or included; food preparations of goods of heading 0401 to 0404, not containing cocoa or containing less than 5% by weight of cocoa calculated on a totally defatted basis not elsewhere specified or included [apart from preparations for infants or young children, put up for retail sale and mixes and doughs for the preparation of bakers’ wares of heading 1905]
    1902 Seviyan (vermicelli)
    1902 Pasta, whether or not cooked or stuffed (with meat or other substances) or otherwise prepared, such as spaghetti, macaroni, noodles, lasagne, gnocchi, ravioli, cannelloni; couscous, whether or not prepared
    1903 Tapioca and substitutes therefor prepared from starch, in the form of flakes, grains, pearls, siftings or in similar forms. (sabudana)
    1904 Puffed rice, commonly known as Muri, flattened or beaten rice, commonly known as Chira, parched rice, commonly known as khoi, parched paddy or rice coated with sugar or gur, commonly known as Murki
    1904 All goods i.e. Corn flakes, bulgar wheat, prepared foods obtained from cereal flakes [apart from Puffed rice, commonly known as Muri, flattened or beaten rice, commonly known as Chira, parched rice, commonly known as khoi, parched paddy or rice coated with sugar or gur, commonly known as Murki]
    1905 Pappad, by whatever name it is known, except when served for consumption
    1905 Bread (branded or otherwise), except when served for consumption and pizza bread
    1905 Pizza bread
    1905 All goods i.e. Waffles and wafers apart from coated with chocolate or containing chocolate; biscuits; Pastries and cakes [apart from pizza bread, Waffles and wafers coated with chocolate or containing chocolate, papad, bread]
    1905 Waffles and wafers coated with chocolate or containing chocolate
    1905 Rusks, toasted bread and similar toasted products
    CHAPTER 20 PREPARATIONS OF VEGETABLES, NUTS, FRUITS, ETC.
    2001 Vegetables, fruit, nuts and other edible parts of plants, prepared or preserved by vinegar or acetic acid
    2002 Tomatoes prepared or preserved otherwise than by vinegar or acetic acid
    2003 Mushrooms and truffles, prepared or preserved otherwise than by vinegar or acetic acid
    2004 Other vegetables prepared or preserved otherwise than by vinegar or acetic acid, frozen, apart from products of heading 2006
    2005 Other vegetables prepared or preserved otherwise than by vinegar or acetic acid, not frozen, apart from products of heading 2006
    2006 Vegetables, fruit, nuts, fruit-peel and other parts of plants, preserved by sugar (drained, glacé or crystallised)
    2007 Jams, fruit jellies, marmalades, fruit or nut purée and fruit or nut pastes, obtained by cooking, whether or not containing added sugar or other sweetening matter
    2008 Fruit, nuts and other edible parts of plants, otherwise prepared or preserved, whether or not containing added sugar or other sweetening matter or spirit, not elsewhere specified or included; such as Ground- nuts, Cashew nut, roasted, salted or roasted and salted, Other roasted nuts and seeds, squash of Mango, Lemon, Orange, Pineapple or other fruits
    2009 Fruit juices (including grape must) and vegetable juices, unfermented and not containing added spirit, whether or not containing added sugar or other sweetening matter.
    CHAPTER 21 MISCELLANEOUS EDIBLE PREPARATIONS
    2101 Extracts, essences and concentrates of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee
    2101 All goods i.e Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates or with a basis of tea or mate
    2101 Roasted chicory and other roasted coffee substitutes, and extracts, essences and concentrates thereof
    2102 Yeasts and prepared baking powders
    2103 Sauces and preparations therefor [apart from Curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasoning
    2103 Curry paste
    2103 Mayonnaise and salad dressings
    2103 Mixed condiments and mixed seasoning
    2104 Soups and broths and preparations therefor; homogenised composite food preparations
    2105 Ice cream and other edible ice, whether or not containing cocoa
    2106 Prasadam supplied by religious places like temples, mosques, churches, gurudwaras, dargahs, etc.
    2106 Texturised vegetable proteins (soya bari) and Bari made of pulses including mungodi
    2106 All kinds of food mixes including instant food mixes, soft drink concentrates, Sharbat, Betel nut product known as “Supari”, Sterilized or pasteurized millstone, ready to eat packaged food and milk containing edible nuts with sugar or other ingredients, Diabetic foods; [apart from Namkeens, bhujia, mixture, chabena and similar edible preparations in ready for consumption form]
    2106 Food preparations not elsewhere specified or included i.e. Protein concentrates and textured protein substances, Sugar-syrups containing added flavouring or colouring matter, not elsewhere specified or included; lactose syrup; glucose syrup and malto dextrine syrup, Compound preparations for making non-alcoholic beverages, Food flavouring material, Churna for pan, Custard powder
    2106 Sweetmeats
    2106 Namkeens, bhujia, mixture, chabena and similar edible preparations in ready for consumption form
    2106 Pan masala
    CHAPTER 22 BEVERAGES, VINEGAR AND SPIRITS
    2201 Water [apart from aerated, mineral, purified, distilled, medicinal, ionic, battery, de-mineralized and water sold in sealed container]
    2201 Non-alcoholic Toddy, Neera including date and palm neera
    2201 Waters, including natural or artificial mineral waters and aerated waters, not containing added sugar or other sweetening matter nor flavoured
    2201 Ice and snow
    2202 All goods [including aerated waters], containing added sugar or other sweetening matter or flavoured
    2202 Soya milk drinks
    2202 Fruit pulp or fruit juice based drinks
    2202 Beverages containing milk
    2202 Tender coconut water apart from put up in unit container and bearing a registered brand name
    2202 Tender coconut water put up in unit container and bearing a registered brand name
    2202 Other non-alcoholic beverages
    2207 Ethyl alcohol and other spirits, denatured, of any strength
    2209 Vinegar and substitutes for vinegar obtained from acetic acid
    CHAPTER 23 RESIDUES FROM FOOD INDUSTRIES, ANIMAL FEED
    2301 Flours, meals and pellets, of meat or meat offal, of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption; greaves
    2302 Aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake
    2303 Residues of starch manufacture and similar residues, beet-pulp, bagasse and other waste of sugar manufacture, brewing or distilling dregs and waste, whether or not in the form of pellets
    2304 Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya bean oil [apart from aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake]
    2305 Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of ground-nut oil[apart from aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake]
    2306 Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable fats or oils, apart from those of heading 2304 or 2305[apart from aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake]
    2307 Wine lees; argol
    CHAPTER 24 TOBACCO AND MANUFACTURED TOBACCO SUBSTITUTES
    2401 Tobacco leaves
    2401 Unmanufactured tobacco; tobacco refuse [apart from tobacco leaves]
    2402 Cigars, cigarettes, cheroots and cigarillos, of tobacco or of tobacco substitutes
    2403 Other manufactured tobacco and manufactured tobacco substitutes; “homogenised” or “reconstituted” tobacco; tobacco extracts and essences [including biris]
    CHAPTER 25 SULPHUR, SALT, LIME AND CEMENT, EARTH AND STONE
    2501 Salt, all types
    2502 Unroasted iron pyrites.
    2503 Sulphur recovered as by-product in refining of crude oil
    2503 Sulphur of all kinds, other than sublimed sulphur, precipitated sulphur and colloidal sulphur [apart from sulphur recovered as by- product in refining of crude oil]
    2504 Natural graphite.
    2505 Natural sands of all kinds, whether or not coloured, apart from metal bearing sands of Chapter 26.
    2506 Quartz (apart from natural sands); quartzite, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape.
    2507 Kaolin and other kaolinic clays, whether or not calcined.
    2508 Other clays (not including expanded clays of heading 6806), andalusite, kyanite and sillimanite, whether or not calcined; mullite; chamotte or dinas earths.
    2509 Chalk
    2510 Natural calcium phosphates, natural aluminium calcium phosphates and phosphatic chalk.
    2511 Natural barium sulphate (barytes); natural barium carbonate (witherite), whether or not calcined, apart from barium oxide of heading 2816.
    2512 Siliceous fossil meals (such as kieselguhr, tripolite and diatomite) and similar siliceous earths, whether or not calcined, of an apparent specific gravity of 1 or less.
    2513 Pumice stone; emery; natural corundum, natural garnet and other natural abrasives, whether or not heat-treated.
    2514 Slate, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape.
    2515 Marble and travertine blocks
    2515 Marble and travertine, apart from blocks
    2515 Ecaussine and other calcareous monumental or building stone; alabaster [apart from marble and travertine]
    2516 Granite blocks
    2516 Porphyry, basalt, sandstone and other monumental or building stone, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape.
    2516 Granite crude or roughly trimmed; and granite, apart from blocks
    2517 Pebbles, gravel, broken or crushed stone, of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated; macadam of slag, dross or similar industrial waste, whether or not incorporating the materials cited in the first part of the heading; tarred macadam; grenules cheeping and powder of stones heading 2515 or 2516 whether or not heat treated.
    2518 Dolomite, whether or not calcined or sintered, including dolomite roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape; dolomite ramming mix. 2518 10 dolomite, Not calcined or sintered
    2519 Natural magnesium carbonate (magnesite); fused magnesia; dead- burned (sintered) magnesia, whether or not containing small quantities of other oxides added before sintering; other magnesium oxide, whether or not pure.
    2520 Gypsum; anhydrite; plasters (consisting of calcined gypsum or calcium sulphate) whether or not coloured, with or without small quantities of accelerators or retarders.
    2521 Limestone flux; limestone and other calcareous stone, of a kind used for the manufacture of lime or cement.
    2522 Quicklime, slaked lime and hydraulic lime, other than calcium oxide and hydroxide of heading 2825.
    2523 Portland cement, aluminous cement, slag cement, super sulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers
    2524 Asbestos
    2525 Mica, including splitting; mica waste.
    2526 Natural steatite, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape; talc.
    2528 Natural borates and concentrates thereof (whether or not calcined), but not including borates separated from natural brine; natural boric acid containing not more than 85% of H3BO3
    2529 Feldspar; leucite, nepheline and nepheline syenite; fluorspar.
    2530 Mineral substances not elsewhere specified or included.
    CHAPTER 26 ORES SLAG AND ASH
    2601 Iron ores and concentrates, including roasted iron pyrites
    2602 Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more, calculated on the dry weight.
    2603 Copper ores and concentrates.
    2604 Nickel ores and concentrates.
    2605 Cobalt ores and concentrates.
    2606 Aluminium ores and concentrates.
    2607 Lead ores and concentrates.
    2608 Zinc ores and concentrates.
    2609 Tin ores and concentrates.
    2610 Chromium ores and concentrates.
    2611 Tungsten ores and concentrates.
    2612 Uranium or thorium ores and concentrates.
    2613 Molybdenum ores and concentrates.
    2614 Titanium ores and concentrates.
    2615 Niobium, vanadium, tantalum, or zirconium ores and concentrates.
    2616 Precious metal ores and concentrates.
    2617 Other ores and concentrates
    2618 Granulated slag (slag sand) from the manufacture of iron or steel
    2619 Slag, dross (apart from granulated slag), scalings and other waste from the manufacture of iron or steel
    2620 Slag, ash and residues (apart from the manufacture of steel or iron) containing metals, arsenic or their compounds
    2621 Other slag and ash, including seaweed ash (kelp); ash and residues from the incineration of municipal waste
    CHAPTER 27 MINERAL FUELS, WAXES, OILS AND BITUMINOUS SUBSTITUES
    2701 Coal; briquettes, ovoids and similar solid fuels manufactured from coal
    2702 Lignite, whether or not agglomerated, not including jet
    2703 Peat (including peat litter), whether or not agglomerated
    2704 Coke and semi coke of coal, of lignite or of peat, whether or not agglomerated; retort carbon
    2705 Coal gas, water gas, producer gas and similar gases, apart from petroleum gases and other gaseous hydrocarbons
    2706 Tar distilled from coal, from lignite or from peat
    2707 Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the lnon-aromatic constituents, such as benzene, toluene, xylenes, naphthalene
    2708 Pitch and pitch coke, obtained from coal tar or from other mineral tars
    2710 Kerosene PDS
    2710 Petroleum oils and oils obtained from bituminous minerals, apart from petroleum crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils; [apart from Avgas and Kerosene PDS and apart from petrol, Diesel and ATF, not in GST]
    2710 Avgas
    2711 Petroleum gases and other gaseous hydrocarbons, such as ethylene, propane, propylene, butanes, butylene and butadiene [Apart from Liquefied Propane and Butane mixture, Liquefied Propane, Liquefied Butane and Liquefied Petroleum Gases (LPG) for supply to household domestic consumers or to non-domestic exempted category (NDEC) customers by the Indian Oil Corporation Limited, Hindustan petroleum Corporation Limited or Bharat Petroleum Corporation Limited]
    2711 Liquefied Propane and Butane mixture, Liquefied Propane, Liquefied Butane and Liquefied Petroleum Gases (LPG) for supply to household domestic consumers or to non-domestic exempted category (NDEC) customers by the Indian Oil Corporation Limited, Hindustan petroleum Corporation Limited or Bharat Petroleum Corporation Limited.
    2712 Petroleum jelly; paraffin wax, lignite wax, micro-crystalline petroleum wax, peat wax, slack wax, ozokerite, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured
    2713 Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals
    2714 Asphalt and bitumen, natural; bituminous or tar sands and oil shale; asphaltites and asphaltic rocks
    2715 Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (such as bituminous mastics, cut-backs)
    2716 Electrical energy

    The Goods and Services Tax (GST) Council has rolled out rate slabs at Nil, 5%, 12%, 18% and 28% as explained in the below table.

    Services Rate
    • Railways-Transportation of goods, passengers
    • For service from goods transportation companies for non-household goods
    • For service from goods transportation companies for household goods
    • Goods transported in a vessel from outside India
    • Renting a motor cab without fuel cost
    • Transport services in AC contract/stage or radio taxi
    • Transport by air
    • Tour operator services
    • Leasing of aircrafts
    • Print media ad space
    • Working for printing of newspapers
    5%
    • Rail transportation of goods in containers from a third party other than Indian Railways
    • Air travel excluding economy
    • Food /drinks at restaurants without AC/heating or liquor license
    • Renting of accommodation for more than Rs.1000 and less than Rs.2500 per day
    • Chit fund services by foremen
    • Construction of building for the purpose of sale
    • IP rights on a temporary basis
    12%
    • Food/drinks at restaurants with liquor license
    • Food /drinks at restaurants with AC/heating
    • Outdoor catering
    • Renting for accommodation for more than Rs.2500 but less than Rs.5000 per day
    • Supply of food, shamiyana, and party arrangement
    • Circus, Indian classical, folk, theatre, drama
    • Supply of works contract
    18%
    • Entertainment events-amusement facility, water parks, films, theme parks, joy rides, merry-go-round, race course, go-carting, casinos, ballet, sporting events like IPL
    • Race club services
    • Gambling
    • Food/drinks at AC 5-star hotels
    • Accommodation in 5-star hotels or above
    28%
    What is GST?
    • Services by the government or local authorities
    • Services by the RBI
    • Services by a diplomat in mission at India
    • Services such as cultivation of plants, rearing animals
    • Services for access of road on paying toll charges
    • Distribution of electricity
    • Renting of home for use as a residence
    • Extending deposits, loans and advances
    • Inter se sale or purchase of foreign notes
    • Services provided by the United Nations or any international organization
    • Bio-medical waste treatment facility services
    • Veterinary services
    • Charitable services
    • Religious pilgrimage services offered by the government
    • Services provided by educational institutions
    • Services by IIMs
    • Services by recognised sports bodies
    • Services by artists
    • Life insurance services regulated by the National Pension System
    • Services by Army, Navy, Air force
    • Services by a non-profit entity
    • Services by public libraries
    • Services like provision of public toilets
    • Service by EPF
    • Services by IRDA
    • Services by SEBI
    • Services provided by National Centre for Cold Chain Development
    • Government to government services
    • Services by cord blood banks
    • Services by National Skill Development Corporation
    • Services of general insurance under the schemes - (a) Hut Insurance Scheme (b) Cattle Insurance under Swarnajayanti Gram Swarozgar Yojna (earlier known as Integrated Rural Development Programme); (c) Scheme for Insurance of Tribals; (d) Janata Personal Accident Policy and Gramin Accident Policy; (e) Group Personal Accident Policy for Self-Employed Women; (f) Agricultural Pumpset and Failed Well Insurance; (g) Premia collected on export credit insurance; (h) Weather Based Crop Insurance Scheme or the Modified National Agricultural Insurance Scheme, approved by the Government of India and implemented by the Ministry of Agriculture; (i) Jan Arogya Bima Policy; (j) National Agricultural Insurance Scheme (Rashtriya Krishi Bima Yojana); (k) Pilot Scheme on Seed Crop Insurance; (l) Central Sector Scheme on Cattle Insurance; (m) Universal Health Insurance Scheme; (n) Rashtriya Swasthya Bima Yojana; or (o) Coconut Palm Insurance Scheme; (p) Pradhan Mantri Suraksha Bima Yojana; (q) Niramaya Health Insurance Scheme implemented by Trust constituted under the provisions of the National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999 (44 of 1999); or (r) Any other insurance scheme of the State Government as may be notified by Government of India on the recommendation of GSTC.
    • Services provided by the Goods and Services Tax Network
    • Health care services by established entities
    • Services provided by the government or local body within Rs.5000
    • Circus, dance and cultural events with ticket price less than or equal to Rs.250
    • Packing, loading, unloading and storage of rice
    • Services by Atal Pension Yojana
    • Those sponsoring sport events
    • Services by Technology Business Incubator (TBI) or a Science and Technology Entrepreneurship Park (STEP)
    • Leasing of assets by Indian Railways Finance Corporation to Indian Railways

    News About GST Tax

    • Procedural Issues and Technical Glitches Causing Delay in GST Filings

      Procedural issues and technical glitches on the GST portal have caused a delay in filing of returns as well as payment of taxes under the Goods and Services Tax, according to a group of ministers. Sushil Kumar Modi, the Deputy Chief Minister of Bihar, who is a convener for the group of ministers, said “Technical glitches, procedural problems and absence of some forms on the network portal are causing delays in making payments and filing of returns by traders and dealers under the new GST regime.”

      27th September 2017

    • Services Output in August Falls for the Second Month Since GST Implementation

      The service sector in India recorded a weak output for the second month in succession due to the implementation of the Goods and Services Tax, according to a key macro-economic data presented by Nikkei India Services PMI Business Activity Index. The seasonally adjusted index increased to 47.5 in August, marking a marginal increase from 45.9 in July. If the index reading is over 50, it means that there has been an overall increase in economic activity while a reading of under 50 means that there has been an overall decrease.

      18th September 2017

    • Last Date to File GST Returns for July and August Extended

      The last date to file GST returns for the months of July and August has been extended, according to government officials. GSTR-1 or sales return for July will have to filed by the 10th of September following a five-day extension on the previous date of 5 September. GSTR-2 or purchase return, on the other hand, was expected to be filed by the 10th of September earlier, but has now been pushed to the 25th of the same month. GSTR-3, which is the match of both GSTR-1 and GSTR-2 must be filed by the 30th September, having received a 15-day extension from the previous date of 30 September.

      13th September 2017

    • Increase in GST Cess on Mid-Size and Large Cars to 25%, Says Government

      The Government recently revealed that the GST cess will increase on a number of cars, ranging from mid-size to hybrid variant to luxury vehicles. The maximum tax chargeable to these vehicles will be 25%. It was previously 15%.

      Ram Nath Kovind, the President, was against the previous tax rates, and the government has issued a notification to the Goods and Services Tax (Compensation to States) Amendment Ordinance, 2017. Narendra Modi, the Prime Minister, headed the Union Cabinet which approved the ordinance last week. The new rates are now effective, having started from the 2nd of September.

      8th September 2017

    • GST Council to Hold 21st Meet On 9 September in Hyderabad

      The GST Council has decided that its next meeting will take place on the 9th of September in Hyderabad, as revealed by a senior official in the Telangana government. Ever since the Goods and Services Tax was implemented in India on the 1st of July, this will be the third time that the council will meet. The official told PTI that the meeting which will be held in Hyderabad will be headed by Arun Jaitley, the Union Finance Minister.

      He went on to add: "Our (Telangana) government is going to raise the issue of tax concession for government projects, besides other subjects such as concession for Beedi industry and granite." The council, which is chaired by the Union Finance Minister and consists of members like state finance ministers, has brought up several different contentious issues over the past year or so before deciding upon a four-tier tax structure which we see in GST.

      5th September 2017

    • 11 States Expected to Record Revenue Losses Worth Rs.9,500 Crore Under GST

      Despite the fact that the revenue of states as a hold is expected to clip past at a Compound Annual Growth Rate (CAGR) of 16.6% in Financial Year 2017-18 over Financial Year 2015-16 under the new GST regime, 11 of these states may require an extra Rs.9,500 crore as compensation from the centre this year, according to a report.

      India Ratings released a statement which read, "All states combined will grow at a CAGR of 16.6 per cent in FY18 over FY16 under the new goods and services tax regime, but since the picture at the individual state level differs, 11 states will need a Rs.9,500 crore Central support this financial year."

      While the bigger states, such as Tamil Nadu, Odisha, Gujarat, Punjab, Himachal Pradesh, Chhattisgarh, Andhra Pradesh and Madhya Pradesh would require compensation from the centre for any revenue loss under baseline scenario worth Rs.5,600 crore in Financial Year 2017-18, the smaller states, such as Jharkhand, Jammu and Kashmir, and Goa would require Rs.3,900 crore compensation, according to the agency.

      This is required as it forecasts the GST component of the states’ own tax revenue for all the states to fall to 15.5% in Financial Year 2017-18 with a baseline scenario 16.6% as input tax credit is available on commodities as well as services under the new regime.

      4th September 2017

    • Number of taxpayers have increased after demonetisation, GST regime: Modi

      The number of taxpayers in the country have increased by more than two times in the past 5 months, said PM Narendra Modi, while addressing the nation on Independence day. He also mentioned that about 3 trillion rupees have come back to banks after the cash ban. Modi said that this information was provided by external experts and was not based on government research.

      The PM also mentioned that more than 2 trillion rupees have come back to banks after the demonetisation exercise in November, out of which 1.75 trillion rupees are under the scanner. The GST implementation on July 1 is further expected to make the process more transparent.

      Modi said that new tax filings have reached 5.6 million between 1 April and 5 August, when compared to 2.2 million last year. The demonetisation exercise also uncovered the assets of 1.8 million people that were unaccounted for. Additionally, around 1,00,000 people have paid income tax for the first time.

      The anti-graft probes have also unearthed around 3,00,000 shell companies, i.e., non-trading firms, that launder money and escape tax. The government has now shut down most of them.

      Modi stated that the note ban has made banks reduce interest rates. The GST regime has also reduced the time taken for goods transportation by 30%.

      21st August 2017

    • TCS to be deducted by Online Travel Agents As Per GST

      Travel agents who offer services such as online ticketing will have to subtract 1% tax at source under GST considering the fact that they are now classified as e-commerce operators. Under the new regime, e-commerce operators are required to collect 1% of the net value of taxable supply made through it. The Central Board of Excise and Customs, recent stated that the TCS requirement will not be applicable to someone who sells their own products via a website. The CBEC, in a statement, said, "Online travel agents providing services through digital or electronic platform will fall under the category of ECO (e- commerce operator) liable to deduct TCS under Section 52 of the CGST Act, 2017".

      21st August 2017

    • Carmakers Displaying Strong Sales So Far in 2017

      The automotive industry has had an eventful set of months in the recent past. There have been a number of launches in 2017. However, the highest push received by the industry so far was in the form of the implementation of GST. The reform was introduced in July, and as a result, prices of two-wheelers and four-wheelers have dropped to a considerable effect. Now that prices of bikes and cars are much less, car makers are passing on the benefit to the consumers. The industry is expected to grow further in the coming months, according to market experts. Maruti Suzuki alone sold around 166,000 units in July this year, marking an increase of 20.6% in comparison with the same period last year. Experts are of the belief that the growth is a result of the implementation of GST, and that the reform will contribute more towards increasing these numbers.

      7th August 2017

    • Prices to be reduced by Input Credit in the Long Haul

      The Goods and Services Tax (GST) is dubbed as India’s biggest and most prominent reform since Independence. It has replaced several different state and central levies, and it aims at unifying India into a single common market. The problem, however, is that a number of entities are finding it very difficult to carry on with business.

      For the common man, the impact of GST can be noticed in the form of marginally higher fees so far as banking transactions are concerned, such as ATM transactions and funds transfer as both these facilities are taxed at 18% following the implementation of GST. It was 15% before GST was rolled out. Market analysts are still of the belief that GST will have a positive effect on the country’s growth, adding that it would also lower prices in the medium to long term.

      3rd August 2017

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products for more info visit: www.cbec.gov.in/
    Tax Calculator
    Forms
    Sections
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.