GST 2.0: What gets cheaper and what gets costlier under new tax slabs

India Today

The GST Council has revamped India’s tax structure, abolishing the 12% and 28% slabs and streamlining the regime into just two standard rates – 5% and 18%

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00:00Here's what gets cheaper and costlier in GST 2.0.

00:07This gets cheaper.

00:11Daily essentials like hair oil, toilet soaps, shampoos, toothbrushes, tableware and kitchen

00:16wear will now attract just 5% GST down from 18%.

00:20Essentials like milk, paneer and all types of Indian breads including parathas are now

00:26exempt from GST, falling from 5% to 0%.

00:29Malt, pasta, cornflakes, biscuits and even chocolates and cocoa products will see rates

00:36reduced to 5%.

00:3833 life-saving drugs and medicines, earlier tags at 12% will now be exempt.

00:44Cement, a key construction input has been brought down from 28% to 18%, significantly reducing

00:51building costs.

00:52Air conditioners, dish washing machines and TVs above 32 inches drop from 28% to 18%.

00:59All TVs, regardless of size, now attract 18%.

01:05Small cars and motorcycles below 350cc along with 3 wheelers move from 28% to 18%.

01:11Patrol cars under 1200cc and diesel cars under 1500cc are down to 18%.

01:17This gets costlier.

01:18The GST council has introduced a new 40% slab for sin and luxury goods.

01:25Motorcycles above 350cc, mid-size and large cars, yachts and personal aircraft will now

01:30face 40% GST.

01:33The new 40% slab will also apply to paan masala, cigarettes, gutka and bidis.

01:38GST will now be levied on the retail price of paan masala and tobacco instead of the wholesale

01:43value pushing of final prices.

01:45A-rated drinks with added sugar, carbonated and caffeinated beverages and fruit-based non-alcoholic

01:51drinks are also going to be taxed at 40%.

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