Impact of GST on Daily Routine Life

What is GST?

GST stands for Goods and Service tax. The key concept of GST is “One Tax for One Nation”. GST will replace different taxes of service Tax, VAT and excise. GST will be collected by Centre and the states.

Types of GST

CGST: GST will be collected by Central Government.
SGST: GST will be collected by State Government.
IGST: GST will be shared by both State and Central Government.

How GST Will Impact On Daily Routine Life?

GST is definitely impacting on our daily routine life, as if we are purchasing even smallest item like chocolate to biggest building or anything, we have to give goods and sales tax anyhow. Below are the GST details by category;

GST On Food Items

  • Edible oil, Sugar, Tea, Baby milk food, Frozen vegetables: 5% GST
  • Namkeen, Ghee, Cheese, Fruit & Vegetable Juice: 12% GST
  • Diabetic Food, Potato chips, Biscuits, Pasta, Noodles, Cakes, Ice Cream: 18% GST
  • Chocolates, Chewing gum, Instant Tea/Coffee: 28% GST
  • Cold Drinks: 40% GST

GST on Automobiles

  • Bike: 28% GST
  • Small Car(Petrol): 29% GST
  • Small Car(Diesel): 31% GST
  • Medium Car(Petrol/Diesel): 43% GST
  • SUV Cars: 43% GST
  • Hybrid Cars: 43% GST

GST On Construction Goods

  • Sand: 5%
  • Steel pipe, Plastic door & window: 18% GST
  • Paint, Cement, Tiles, Aluminium window/door frame, waterproofing: 28% GST

GST On Electric & Electronic Goods

  • LED Lights, Mobile phones: 12%
  • UPS, Set top box, Desktop, Laptop, Printer: 18%
  • Lamps, Switches, Insulated wire-cable, TV, Fridge, Washing Machine, Dish Washer: 28% GST

GST On Education Sector

  • Pencil, Fountain Pen, Ballpen, Crayon: 12% GST
  • Stapler, Sharpener: 18% GST
  • Coaching Fees: 18% GST

GST On Jewellery

  • Imitation Jewellery, Silver, Gold, Platinum, Diamond: 3% GST

GST On Other Goods

  • Steel Utensils, Toothpaste & Toothbrush, Aluminium utensils: 12% GST
  • Wooden Goods, Plastic Goods, Glass bottle and other glass products, Paper products: 18% GST
  • Watches, Firecrackers, Cosmetics: 28%

GST On Services

  • Cab Service, Air Economy, AC Railway: 5% GST
  • Phone Bill, Vima Premium, Financial Services, Courier: 18% GST

Mr. Vivek Shah
Author: Mr. Vivek Shah
He is the pioneer, motivational speaker, solution provider, MD and CEO of Capermint Technologies Pvt Ltd: A leading Mobile Games & App development company. He believes in crafting creativity with calibre which construct a valuable outcome for the world out there looking for innovation. As a CEO, he likes to help other companies to transform their app ideas into reality.

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    Great Content reagrding GST impact on daily life. It’s really useful to me, Thanks for sharing.

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