In this post, we are going to discuss the GST rates followed by the GST rates list PDF. A free download link will be shared at the end of this post.
The GST rate and its legislation were introduced on 1 July 2017. It was considered as one of the biggest changes in the country’s taxes and tax reforms that were never seen before. GST gradually removed the cascading taxes that were calculated before.
So continue with this post to get GST Rate List PDF.
GST Rate List
As per the earlier, the amount of tax calculated on the good and services was too high leading to bring a change in the same.
In the 44th GST Council meeting that was held under the Chairmanship of Union Finance and Corporate Affairs Minister Smt Nirmala Sitharaman, it was decided to cut short the GST rates over the specific items that were used in Covid-19 relief as well as in managing the pandemic till 30h September 2021.
| # | Description Of Goods | Present GST Rate | GST Rate recommended by GST Council |
|---|---|---|---|
| 1. | Tocilizumab | 5% | Nil |
| 2. | Amphotericin B | 5% | Nil |
| 3. | Anti-Coagulants like Heparin | 12% | 5% |
| 4. | Remdesivir | 12% | 5% |
| 5. | Any other drug recommended by the Ministry of Health and Family Welfare (MoHFW) and Dept. of Pharma (DoP) for Covid treatment | Applicable Rate | 5% |
The GST rates PDF includes the values for the attributes such as Tariff item, description of goods, CGST rate, SGST rate, and IGST rate. The CGST rate, IGST rate as well as SGST rate are described in percentage.
GST tax rates for goods and services include the 4 tier tax structure. According to this, the proposed tax slabs for goods are 5%, 12%, 18% and 28%. Whereas the rates on services include 5%, 12%, 18% and 28%, i.e. similar to goods. It is to be noted that the government has not included the healthcare and educational services for GST.
GST Rates List PDF Download
You may also find the GST with HSN code PDF over the internet.
Whereas by clicking on the below download button, the regular GST amount calculation PDF will be downloaded. This PDF can be used to understand the % of GST rate for a specific product or service that you sell.