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JULY 01, 2017: HISTORIC GOVT. POLICY IMPLEMENTATION DAY of GST & MORE

GST Goods & Services Tax (GST) being rolled out on July 01, 2017, has 5 tax driven slabs: 0%, 5%, 12%, 18%, and 28%. Based on the utility the goods and services, the tax slabs have been assigned. Accordingly, the luxury items & services attract higher tax slabs, while the basic need based items are taxed low. Ensuring moderation, a large number of items have been kept under the 18% tax slab.
The Syntax Systems, India has compiled a broad list of items to give you an insight of the GST:
Commodities 1.Gold has not yet been assigned any GST slab and will be taxed at 3%. 2.Rough diamonds, rough precious, and semi-precious stones will be taxed at 0.25%. 
No (NIL) GST GOODS Edibles: eggs, milk, butter curd, natural honey, fresh fruits and vegetables, palmyra jaggery, all types of salt Provisions: jute, fresh meat, fish, chicken, flour, besan, bread, prasad, bone meal, etc.; hoof meal, horn meal, cereal grains hulled Consumer Goods: bindi, sindoor, stamps, judicial papers, printed books, new…

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