GST: Here is a list of items exempted from Goods and Services Tax

The GST Council led by Finance Minister Arun Jaitley has finalised Goods and Services Tax (GST) for almost all items. The GST Council’s 16th meeting was concluded on June 11, revising rates for 66 items.Most of the goods and services were listed under four broad tax slabs – 5%, 12%, 18% and 28%. Some items like rough diamond and gold have exclusive tax rates, while some items have been exempted from tax.

Here is the list of items that are exempted from GST:

GOODS

Fresh meatFishChickenEggsMilkButter milkCurdNatural honeyFresh fruits and vegetablesFlour and besanBreadSaltJaggeryHulled cereal grainsBindi, sindoor, kajal, palmyra, human hair and banglesDrawing or colouring books StampsJudicial papers, printed books, newspapersOther items include jute and handloom, bone grist, bone meal, etc.

ALSO READ | What is GST and how it will benefit customers

SERVICES

Grandfathering serviceLow budget holiday

For all the Latest Business News, Download News Nation Android and iOS Mobile Apps.