Rates for most items and services under the Goods and Services Tax have been finalised in the two-day meeting of the GST Council that ended on Friday. While the rates on key daily use items like sugar, tea and hair oil have come down, they have been increased for luxury and sin products. Eating out in a five-star restaurant will be taxed at the highest bracket.
BloombergQuint, in collaboration with tax consultancy SKP Business Consulting LLP, breaks down how the rates under GST compare with the current tax structure. The calculations took into account Maharashtra VAT, which means existing rates may vary for other states. Here’s the list...
Toothpaste, Branded Cereals May Cost More
Rates Up For Mobile Phones, Refrigerators
Shampoos, Perfumes May Cost More
Higher Rate On Electric Hot Plates
Wallpaper, Paints In Highest Slab
Fresh Milk, Vegetables Exempt
No Tax On Condoms
Lower Tax On Kerosene
Plastic Products To Cost More
Eating Out, Phone Calls Costlier