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 On Food Items

GST 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

GST 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

GST 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

GST 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

GST Education=> 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

Vivek Shah
Author: Vivek Shah
Vivek Shah is the Founder and CEO of Capermint Technologies Pvt Ltd : A leading Mobile Games & App development companies . As a CEO, he likes to help other companies to transform their app ideas into reality.

Leave a Reply

How can we help you?

Contact us at the Capermint Technologies office nearest to you or submit a business inquiry online.

Contact Us for Mobile Application, Web & Game Development