India Announces GST Rates on Specific Goods and Services

Charles Riordan

May 26, 2017

This blog was last updated on June 27, 2021

On May 18, the Indian GST Council met and determined the GST rate applicable to specific goods and services. The rate structure was set previously, containing four slabs (5%, 12%, 18% and 28%) and a zero rate. The new rate schedules were published by the Central Board of Excise and Customs and are available here under “GST Rates.” The standard rate for services is 18%, unless otherwise indicated. A good not specifically listed in the schedule will, in most cases, bear the rate assigned to its chapter of the Harmonized System of Nomenclature (HSN). The GST Council may alter the schedules prior to GST’s July 1 implementation.

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Author

Charles Riordan

Charles Riordan is a member of the Regulatory Analysis team at Sovos specializing in international taxation, with a focus on Value Added Tax systems in the European Union. Charles received his J.D. from Boston College Law School in 2013 and is an active member of the Massachusetts Bar.

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